New Delhi:
Investors’ confidence in Adani Group, which has contributed significantly to the country’s growth story, has become stronger than before. On Monday, there was a significant increase in the shares of all the companies of Adani Group. According to the report, Adani Green shares have jumped by more than 4%. Whereas Adani Power shares have gained 2.5%. Adani Group has seen a strong financial position in the last 12 months. Shares of Adani Enterprises have risen 3%. Meanwhile, CEO of Value Research, Dhirendra Kumar said that undoubtedly the recovery is less compared to the decline. But it has become clear that the fundamentals of Adani Group are very strong.
Dhirendra Kumar, CEO of Value Research, told NDTV, “What the market trend would be was known on Friday itself. The market had anticipated it. The huge fall in Adani Group companies made a huge difference.” Looking at the discussion going on over the weekend, it seemed that if we look at the growth of Adani Group companies, that kind of growth is unprecedented. There is a huge decline in this, but it is clear that the fundamentals of Adani Group are strong. Adani Group has more than 100% holding.”
What did Value Research CEO Dhirendra Kumar say on the spectacular rise in all the shares of Adani Group?#AdaniGroup , #ShareMarket pic.twitter.com/AjGcIbysq8
— NDTV India (@ndtvindia) November 25, 2024
Investors understand what is happening in the market
Dhirendra Kumar explains, “The kind of tension that mutual funds were facing after the last uproar regarding Adani Group… the way the growth percentage of the group has increased in comparison to that; it is worth noting that It remains to be seen how the market reacts to this, which has nothing to do with the fundamentals. We understand that the fundamentals of Adani Group are strong.
Stock market swings due to Mahayuti’s bumper victory in Maharashtra, Sensex jumps 1200 points, Adani Group shares rise tremendously
Market looks at earnings in long term
The CEO of Value Research said, “Where we are seeing the growth of the companies. We are seeing the work of the companies, we are seeing the quality, we are seeing the return of equity… According to that, there is no concern about these companies. Talking about valuation, the valuation of Adani Group has become very attractive in the long term.
Shares of group companies rose by more than 6.50%
After this, a rise of more than 6.50% was seen in the shares of Adani Group companies. Along with this, a jump of 4.24% was seen in Adani Green Energy and 3.37% in Adani Total Gas. Shares of Adani Group’s flagship company Adani Enterprises saw a rise of 2.74% and shares of Adani Ports saw a rise of 2.74%. Shares of other group companies Adani Power, Adani Wilmar, ACC, Ambuja Cements and NDTV also rose.
Great rise in all shares of Adani Group, Adani Energy jumped 6 percent
Adani Group presented half yearly report
Adani Group has presented an excellent half yearly report on Monday. Adani Group companies have had record performance in the first half and last 12 months. According to the H1FY25 report, the asset base of Adani Group has crossed Rs 5 lakh crore. The current asset base has become Rs 5.53 lakh crore.
17% increase in 12 month EBITDA
EBITDA for the last 12 months till September 2024 increased by 17% (YoY) to Rs 83,440 crore. EBITDA increased by 1.2% to Rs 44,212 crore (YoY) in H1FY25. Core infra business generated 86.8% of total EBITDA in H1FY25. Core infra business includes utility, transport and infra business of Adani Enterprises.
Adani Group shows financial strength, growth will happen even without external debt
(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)
