Latest news with #AdaniTotalGas
Mint
06-05-2025
- Business
- Mint
Shares to buy in short term: Mehta Equities' Riyank Arora suggests SBI, Adani Total Gas, ONGC stock to buy
Stock market today: On Tuesday, India's key stock indexes traded lower, driven by broader declines in pharmaceutical stocks influenced by US manufacturing data, which overshadowed the rise in Mahindra & Mahindra due to positive expectations regarding future earnings. The Nifty 50 decreased by 0.33% to 24,380.70, while the Sensex fell by 0.23% to 80,613.72 as of 14:06 IST. Indian stock markets started the day with caution on Tuesday, with benchmark indices showing little movement as investors looked for important global indicators, especially the US Federal Reserve's two-day policy meeting commencing later today. Ongoing geopolitical tensions between India and Pakistan also impacted investor sentiment, although foreign portfolio investors (FPIs) continued to invest in Indian equities. Analysts believe that India is experiencing sustained FPI inflows, which are supporting the Indian markets despite the geopolitical concerns. The US markets are expected to trade within a narrow range leading up to the Federal Reserve meeting starting today. Experts anticipate that interest rates will remain unchanged at this meeting, with a potential rate reduction in June. Amid volatility Riyank Arora, Technical Analyst of Mehta Equities Ltd, suggests Nifty 50 key levels to be 24,200, followed by 24,000 and 23,850. Further, Arora recommends SBI, Adani Total Gas, and ONGC stock to buy in the short term. Nifty 50 continues to consolidate within a defined range for the past 10 consecutive sessions, showing both upward and downward volatility. Technically, the RSI (14) near 67 on the daily chart indicates steady momentum, and the index has held firm above the breakout level of 23,850 since April 21. Key support levels are placed at 24,200, followed by 24,000 and 23,850. On the upside, immediate resistance lies at 24,600, with further hurdles at 24,750 and 24,800, and the major resistance at the psychological mark of 25,000. Bank Nifty has sustained well after breaking above its previous all-time high of 54,467 and has remained in a consolidation phase for the past 10 sessions. The index is showing a healthy technical setup, supported by strong momentum in PSU banks, with RSI (14) around 65. Key supports are at 54,700, 54,500, and 54,200. Resistance is seen at 55,350, and a breakout above this level may open the way to 55,600 and 56,000 levels, keeping the near-term bias positive. Riyank Arora recommends these three stocks in the short term - State Bank of India (SBI), Adani Total Gas, and Oil and Natural Gas Corporation (ONGC). CMP: ₹ 790 | Stop Loss: ₹ 760 | Target: ₹ 860 SBIN has broken out of an inverted head and shoulders pattern, a bullish setup. RSI (14) is at 52, and the stock has successfully retested its neckline, offering a good risk-reward trade. Based on the pattern's target projection, the stock could move towards ₹ 860 and above. CMP: ₹ 665 | Stop Loss: ₹ 640 | Target: ₹ 710 Adani Total Gas has broken out above its key resistance at ₹ 655 and closed strong. The RSI (14) at 65 and a fresh MACD crossover show rising momentum. The stock also cleared both trendline and swing high resistances, supporting the bullish view. CMP: ₹ 239 | Stop Loss: ₹ 230 | Target: ₹ 255 ONGC is trading above its anchor VWAP support of ₹ 236.93, with a bullish candlestick pattern. The stock is aligned with key EMAs and the 50-day SMA, making the risk-to-reward attractive. While RSI (14) is neutral at 48, technical indicators suggest that momentum could improve soon. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision. First Published: 6 May 2025, 02:13 PM IST
Time of India
05-05-2025
- Business
- Time of India
Adani stocks jump on reports of plea to drop US charges
NEW DELHI: All listed Adani group stocks ended sharply higher on Monday, amid reports that 's representatives met with US administration officials to seek the dismissal of criminal charges in a . The stock of Adani Total Gas zoomed 11%, jumped 7%, rallied 6.6%, surged 6.3% and Adani Power climbed 5.9% on BSE. Tired of too many ads? go ad free now In Nov last year, US authorities charged Adani, his nephew and ED Sagar Adani and MD Vneet S Jaain for being involved in an alleged scheme to pay bribes to Indian government officials to win solar energy contracts, and concealed the plan as they sought to raise money from US investors.
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Business Standard
05-05-2025
- Business
- Business Standard
Adani group shares: Total Gas, Enterprises rally up to 10%; here's why
Share price movement of Adani group companies today: Share price of Adani group companies have rallied by up to 10 per cent on the BSE in Monday's intra-day trade after media reports indicated that Gautam Adani's official representatives have met with US President Donald Trump's administration officials to end US bribery cases. Adani Total Gas surged 10 per cent to ₹658 in intra-day trade amid heavy volumes. Adani Enterprises, the flagship of Adani Group company, rallied 6 per cent to ₹2,435.35, followed by Adani Power (6 per cent at ₹558.45), Adani Ports and Special Economic Zone (6 per cent at ₹1,338.95), Adani Green Energy (6 per cent at ₹958) and Adani Energy Solutions (5 per cent at ₹953.15). In comparison, the BSE Sensex was up 0.5 per cent at 80,871.37 at 11:00 AM. What's fuelling the rally in Adani group stocks? Representatives of businessman Gautam Adani have held meetings with officials from the Donald Trump-led US administration to discuss the possibility of dropping criminal charges filed against him in connection with an overseas bribery investigation, according to a report by Bloomberg. According to the news wire agency, Adani's representatives have argued that the case does not align with President Donald Trump's current policy priorities and have requested that it be reconsidered. Ongoing regulatory investigations The group is exposed to the ongoing regulatory investigations on the promoter. ICRA has made a note of the pending investigations related to indictment and civil complaint filed by United States Department of Justice (DOJ) and Securities and Exchange Commission (SEC) on the promoter and the matter which is currently sub-judice. Further, the Securities and Exchange Board of India (SEBI) is conducting regulatory investigations on the Adani Group based on the Hindenburg report, which is close to completion. Favourable sector outlook The performance of the airports division is expected to remain robust in the medium-term given the favourable sector outlook and healthy growth in passenger traffic. The airports division is likely to undertake sizable capex over the next five years, including both aeronautical and non-aeronautical capex. This coupled with the start of operations of Navi Mumbai International airport in FY2026 is expected to result in healthy growth in revenues and profitability levels in the near term. The Adani Group is one of the first players in India with vertically-integrated capacity till ingot and wafer for manufacturing solar modules, which helps in realising better margins and offers cushion to protect it from raw material price fluctuations. The segment currently has good visibility in terms of order book, including projects requiring modules under the domestic content requirement criterion. The offtake for its wind turbine generation (WTG) segment is happening within the group, from Adani Green Energy Limited, which has a large capacity addition plan in the wind segment. Along with this, the strong policy support from the Government of India, which has come out with policies such as reimposition of approved list of models and manufacturers (ALMM) for modules from April 01, 2024, and ALMM for cells from June 1, 2026, augurs well for domestic solar module manufacturers, according to ICRA. ICRA's stable outlook on Adani Enterprises The Stable outlook on the long-term rating reflects ICRA's expectation that Adani Enterprises' credit profile will be supported by the healthy cash flow generation from diversified businesses, strong financial flexibility and execution capabilities. This, along with the company's commitment to undertake any large debt-funded capex in a judicious manner in terms of managing the market risks will maintain its debt metrics at prudent levels. About Adani Group Adani Enterprises (AEL) is the flagship Company of Adani Group, one of India's largest business organisations. Over the years, AEL has focused on building emerging infrastructure businesses, contributing to nation-building and divesting them into separate listed entities. Having successfully built sizable and scalable businesses like Adani Ports & SEZ, Adani Energy Solutions, Adani Power, Adani Green Energy, Adani Total Gas and Adani Wilmar, the Company has contributed to make India self-reliant with its robust businesses. The next generation of its strategic business investments are centered around the green hydrogen ecosystem, airport management, data center, roads and primary industries like copper and petrochem - all of which have significant scope for value unlocking.
Business Recorder
30-04-2025
- Business
- Business Recorder
India's Adani Power fourth-quarter profit falls on lower tariffs, higher costs
Indian thermal power firm Adani Power reported a 5% fall in fourth-quarter profit on Wednesday, hurt by lower tariff realisations and higher operating costs. The company, part of the billionaire Gautam Adani-led Adani Group, said its consolidated profit fell to 25.99 billion rupees ($307.2 million) in the three months ended March 31 from 27.37 billion rupees a year earlier. Its power sale volumes rose 18.9% year-on-year in the quarter, but revenue grew a modest 6.5% to 142.37 billion rupees due to weaker merchant tariffs. The company said the supply of power outpaced demand, leading to a fall in merchant tariffs during the quarter, which resulted in lower realisations. Merchant tariffs refer to the price at which electricity is sold in the open market. India's Adani Total Gas posts drop in quarterly profit on higher procurement charges Adani Power did not disclose the extent to which merchant tariffs fell during the quarter compared to a year earlier. The company also said that it faced higher operating expenses during the quarter due to three newly acquired plants in the September quarter last year. Adani Power's total expenses rose 9.2% for the fourth quarter. Peers NTPC and JSW Energy are yet to report their quarterly results. Adani Power's shares settled 3% lower after the results.
Time of India
29-04-2025
- General
- Time of India
Gas supply sputters yet again in Shela
Ahmedabad: Residents of Shela are fuming — not just from the heat in their kitchens, but due to the repeated disruptions in piped gas supply over the past four days. It began as an unexpected outage on Sunday afternoon, reportedly due to damage caused by a digger machine working on a stormwater drainage project. Adani Total Gas , the supplier for residential piped natural gas (PNG), issued alerts citing 'third-party damage' and restoration timelines to residents. However, residents claimed the disruptions often came without sufficient notice, throwing daily routines into complete disarray. "It's extremely inconvenient. This is the fourth disruption in three days, and we're left scrambling during breakfast or dinner hours. We've had to rely on food deliveries repeatedly," said Preeti Das, an affected resident. You Can Also Check: Ahmedabad AQI | Weather in Ahmedabad | Bank Holidays in Ahmedabad | Public Holidays in Ahmedabad Some homemakers were dismayed by the timing — lunch preps were mid-way when the supply stopped. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Google Brain Co-Founder Andrew Ng, Recommends: Read These 5 Books And Turn Your Life Around Blinkist: Andrew Ng's Reading List Undo "I had just started cooking when the gas went off. I was distraught, but my children were thrilled — they got to eat burgers instead," laughed Sulakshmi Arya, a homemaker. Supply was disrupted again on Tuesday evening around 5pm and was restored past 9pm.
