Adani stocks declines amidst the election results
ECONOMY & POLICY

Adani 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

Solar, Wind Bolster Thermal Power Amid Record Demand

This summer, solar and wind energy have significantly aided thermal power in meeting India's record power demand. On May 30, 2024, renewables provided 15% of the total power, with peak demand reaching 250 GW. The Ministry of Power highlighted the crucial role of solar and wind energy in meeting this demand during specific hours. Thermal power contributed 176 GW, with coal being the primary source, supplying 68% of the total power. South and North India were major contributors to renewable energy, with solar generating 421.19 MU, led by Rajasthan, Gujarat, and Karnataka. Wind energy generated..

Next Story
Infrastructure Urban

India Leads Indo-Pacific Economic Pact Signing

India, along with the United States and twelve other nations, has signed a significant economic pact aimed at bolstering cooperation and development across the Indo-Pacific region. This pact, signed by leaders from these countries, marks a crucial step towards strengthening economic ties and fostering regional stability. The agreement focuses on enhancing trade relations, promoting sustainable development initiatives, and addressing shared challenges such as climate change and infrastructure development. Key areas of collaboration include technology transfer, investment facilitation, and stra..

Next Story
Infrastructure Energy

Adani Commits $1 Billion to Sri Lankan Wind Projects

Adani Group has announced plans to invest over $1 billion in wind energy projects in Sri Lanka, marking a substantial commitment to bolster the country's renewable energy sector. This investment underscores Adani's strategic focus on expanding its presence in renewable energy across international markets. The proposed wind projects aim to enhance Sri Lanka's energy infrastructure, contributing to sustainable development goals by increasing clean energy capacity. Adani's initiative is expected to create employment opportunities and stimulate economic growth in Sri Lanka, while also fostering t..

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 81086 03000

Join us Telegram