Adani Group stocks declines amidst the election results
ECONOMY & POLICY

Adani Group stocks declines amidst the election results

Shares of Adani Group firms saw a sharp decline on the bourses since the current Bharatiya Janata Party is not gaining enough parliamentary seats to surpass the majority threshold in the recently concluded Lok Sabha elections

The Adani Group firms saw a 10%?20% decrease in their shares, with some of their quities entering the lower circuit on the exchanges, a sign of intense selling pressure. Adani Enterprises Ltd, the company's flagship, had a 19% decrease in shares, while Adani Ports & Special Economic Zone Ltd, Adani Power Ltd, Adani Green Energy Ltd, Adani Energy Solutions Ltd, and joint venture Adani Wilmar Ltd saw declines of 17.5%, 19.4%, and 10%, respectively.

The Nifty 50 Index of National Stock Exchanges, which represents the overall trend of the market, fell 5.9% throughout the day. Even with a slim majority, the BJP-led National Democratic Alliance is expected to form the government, and many predict that privatisation and market reforms will likely be off the agenda. Adani Enterprises' management had previously said that it intended to submit a proposal in the next phase of airport privatisation run by the Airports Authority of India.

Thirteen airports run by the AAI will be leased by the government to businesses in the private sector. Additionally, Adani Ports & SEZ Ltd. had expressed interest in taking part in the Container Corporation of India's privatisation process, which is under government supervision.

"In our opinion, factor market changes pertaining to labour, land, and agriculture are no longer on the table. In the short term, government capital expenditure may be hindered by the risky privatisation and asset monetization processes, according to research by Emkay Global Financial Services Ltd.

Under the National Monetization Pipeline, the BJP-led government started the asset sale process with the goal of using the earnings to fund more infrastructure development. Adani Group enterprises have reaped enormous benefits over the last ten years, thanks in large part to the BJP-led central government's push for infrastructure development. The company has expanded its ports and shipping sector and emerged as a key participant in airport operations in the nation.

Shares of Adani Group firms saw a sharp decline on the bourses since the current Bharatiya Janata Party is not gaining enough parliamentary seats to surpass the majority threshold in the recently concluded Lok Sabha elections The Adani Group firms saw a 10%?20% decrease in their shares, with some of their quities entering the lower circuit on the exchanges, a sign of intense selling pressure. Adani Enterprises Ltd, the company's flagship, had a 19% decrease in shares, while Adani Ports & Special Economic Zone Ltd, Adani Power Ltd, Adani Green Energy Ltd, Adani Energy Solutions Ltd, and joint venture Adani Wilmar Ltd saw declines of 17.5%, 19.4%, and 10%, respectively. The Nifty 50 Index of National Stock Exchanges, which represents the overall trend of the market, fell 5.9% throughout the day. Even with a slim majority, the BJP-led National Democratic Alliance is expected to form the government, and many predict that privatisation and market reforms will likely be off the agenda. Adani Enterprises' management had previously said that it intended to submit a proposal in the next phase of airport privatisation run by the Airports Authority of India. Thirteen airports run by the AAI will be leased by the government to businesses in the private sector. Additionally, Adani Ports & SEZ Ltd. had expressed interest in taking part in the Container Corporation of India's privatisation process, which is under government supervision. In our opinion, factor market changes pertaining to labour, land, and agriculture are no longer on the table. In the short term, government capital expenditure may be hindered by the risky privatisation and asset monetization processes, according to research by Emkay Global Financial Services Ltd. Under the National Monetization Pipeline, the BJP-led government started the asset sale process with the goal of using the earnings to fund more infrastructure development. Adani Group enterprises have reaped enormous benefits over the last ten years, thanks in large part to the BJP-led central government's push for infrastructure development. The company has expanded its ports and shipping sector and emerged as a key participant in airport operations in the nation.

Next Story
Infrastructure Energy

New Push to Cut India’s Air Pollution through Power Sector Reforms

In a significant stride toward environmental sustainability, Cummins India introduced CPCB IV+ compliant gensets to India on July 5, 2023, marking a paradigm shift in the power generation industry. These generators are engineered to adhere to the progressive emission norms set by the Ministry of Environment, Forest, and Climate Change. Being the first sets in the field, they have garnered praise for their remarkable achievements in emissions reduction and cutting-edge technology. Powerica, with its four-decade-long partnership with Cummins India Limited, is dedicated to consistently deliver th..

Next Story
Infrastructure Transport

Saarstahl Rail to Supply Tracks for Bengaluru Suburban Rail Project

Rail Infrastructure Development Company Karnataka Limited (K-RIDE) has identified Saarstahl Rail as the lowest bidder for the track supply contract in the Bangalore Suburban Railway Project. The selected contractor will be responsible for supplying 60E1 (UIC 60), 1080 HH Grade rails in accordance with IRS-T-12-2009 standards (including all amendments and correction slips) for two specific sections: Corridor 2, from Baiyappanahalli to Chikkabanavara, and Corridor 4, between Heelalige and Rajankunte.The tender for this supply contract, which includes a completion deadline of 365 days, was issued..

Next Story
Infrastructure Transport

Railways Unveils Major Reforms to Improve Train Controller System

In a major initiative to enhance railway safety and efficiency, the Ministry of Railways has introduced a series of reforms aimed at improving the functioning and working conditions of train controllers. The measures focus on strengthening domain expertise, ensuring performance accountability, and addressing the high-stress nature of the job.Under the new guidelines, train controllers will be required to serve a minimum of three years in the control office to build sufficient operational knowledge. Only experienced and high-performing traffic inspectors and station masters with strong service ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?