The company is looking to finance repurchase of this outstanding 3.375% senior notes due 2024 using its existing cash reserves. After the repurchase, $325 million of the notes will be outstanding.

The Adani-led group's seven-listed stocks have lost over $100 billion in market value since a Jan. 24 report by Hindenburg Research accused it of improper use of offshore tax havens and stock manipulation. The group denied all allegations.

In the past six months, Adani Ports & SEZ stock has climbed 31 percent versus 14 percent of the Sensex benchmark

On September 21, Thursday, StockEdge reported that 10 stocks were showing an uptrend in their Relative Strength Index (RSI). In this article, we explore what RSI is, why it's crucial for assessing stock movements, and present the 10 stocks that are currently on the rise.

#ADANIPORTS ✌️✌️Intraday stock for tomorrow 18.09.23

Biggest gainers on the Nifty were Adani Ports, Adani Enterprises, Apollo Hospitals, Axis Bank and Power Grid Corporation, while losers included Jio Financial, Coal India, ONGC, Bajaj Finance and L&T

#ADANIPORTS Adani ports 1day time frameLooking strong abov 785

The momentum continued in broader markets as well, with the Nifty Midcap 100 up 1 percent and the smallcap 100 1.3 percent

The economic corridor will see the setting-up of rail and port links between the Middle East, South Asia, and Europe which US President Joe Biden described as a "real big deal" in the just concluded G20 summit. The announcement was among the key takeaways from a three-day-long diplomatic exercise and was announced by the leaders of the United States, India, and Saudi Arabia.

Adani Ports has given a return of 23.43 percent over the last six months. The Nifty50 benchmark index has given a return of 16.06 percent over the same duration.

Banking and finance firms were the stars of the Q1 results season, and the optimism is reflected in Moneycontrol’s Analyst Call Tracker for August.

The Adani Groups flagship company has given 41% returns so far in FY24 and is one of the best-performing stocks in the index. Despite this, the stock is still about 70% away from its 52-week high of Rs 4,190, touched in December 2022.

According to the Organised Crime and Corruption Reporting Project (OCCRP), offshore structures based in Mauritius purchased between 8% and 14% of shares in four Adani Group units - Adani Power, Adani Enterprises, Adani Ports, and Adani Transmissions. The Adani Group has rejected the report.

"This has happened exactly after we took over the Haifa Port. Recently Adani has been in the news because they were looking to buy some ports in Greece after Prime Minister Modi's visit to Greece. This is in direct conflict with the Belt and Road Initiative of the Chinese. If I were to ask you to connect the dots, you can very well know that George Soros' wife is of Oriental origin."

Shares of Adani Power, Adani Energy Solutions and Adani Green led the downside by dropping 3% each. The conglomerate's cash cow Adani Ports fell 1.7% while the flagship entity Adani Enterprises fell over 2%.

In a status report, Sebi gave a detailed breakdown of the steps taken during its investigation but does not reveal specific findings. It told the top court in its filing that out of the 24 matters it was probing, findings in as many as 22 are final.

#ADANIPORTS

​So, Adani Energy Solutions with its rapid growth in seeking assets for transmission and Adani Enterprises with its 50 billion dollar investment that they plan to have over the next few years to set up a 10 million tonne green hydrogen end-to-end supply chain augurs very well for this thing.

#ADANIPORTS Intraday Stock for 25.08.23👇👇Downside move possible...Inverted cup & handle pattern

Adani group has been concentrating on improving operational performance as a comeback strategy after being hit by a damning report of a US short-seller in January this year.

A reasonably positive candle was formed on the daily chart with a minor upper shadow. Technically, this pattern indicates a narrow range movement in the market at the support of 19,250-19,300 levels

Adani stocks have since recovered some of the losses. GQG has so far invested Rs 38,700 crore in Adani Group firms. Qatar Investment Authority (QIA) has invested Rs 4,100 crore in Adani Green Energy and Bain Capital has poured in Rs 1,440 crore, helping re-build investor confidence.

Strong operational performance helped boost the group's net profit, although overall sales saw a decline during the quarter. The comparative performance excludes the group's cement entities acquired after the first quarter of FY23.

The investment comes after Deloitte quit as auditor for Adani Ports, in the first such move after U.S. short-seller Hindenburg Research's critical report on the Adani group that was published in January.

The broader indices outperformed the main indices with the BSE midcap and smallcap indices ending marginally higher

Last year, Deloitte was appointed as the statutory auditor for a period of 5 years. However, the auditor had differences with the management regarding certain transactions, which were also flagged by US-based Hindenburg Research in its report in January.

Shares of Adani Enterprises, the group's flagship company, fell as much as 5.4% in early trades Monday before closing 3.3% lower at ₹2,456. Adani Ports & SEZ shares fell almost 2% to close at ₹787.

The Securities and Exchange Board of India (SEBI) on Monday sought a 15-day extension in Supreme Court to conclude the investigation and submit the status report in its probe into Hindenburg report against Adani group.

MSKA & Associates Chartered Accountants has been appointed as the new auditor of Adani Ports and Special Economic Zone.

MSKA & Associates Chartered Accountants has been appointed as the new auditor of Adani Ports and Special Economic Zone.

Adani Enterprises fell 5.4%, while Adani Green Energy and Adani Transmission declined over 4% each. Adani Power, Adani Wilmar, and Ambuja Cement also fell nearly 3%.

Investors should consider buying the dip in commodity consumers as the uptick in crude or commodity in this global environment won't be permanent, says Sandip Sabharwal. He adds:" the cyclical stock Apollo Tyres needs to go through a phase of consolidation before it can move higher. Also, the Bank Nifty has heavily underperformed the Nifty this year, despite financials being heavily overweight. "

Motilal Oswal maintained a buy on Apollo Hospitals with a target price of Rs 5700. Apollo Hospitals (APHS) delivered operationally in-line 1QFY24.“We remain positive on APHS due to: a) its sustained healthy growth/ profitability in healthcare services, and b) efforts to achieve breakeven in Healthco during 4QFY24E,” said the note.

Sources aware of Sebi's probe said this would be a final report and that the regulator's investigation was over. While the exact findings could not be ascertained, Sebi has probed, among other things, whether Adani Group manipulated the share prices of its group companies by exploiting loopholes in the minimum public shareholding (MPS) norms, and whether it failed to disclose related-party transactions.

Sources aware of Sebi's probe said this would be a final report and that the regulator's investigation was over. While the exact findings could not be ascertained, Sebi has probed, among other things, whether Adani Group manipulated the share prices of its group companies by exploiting loopholes in the minimum public shareholding (MPS) norms, and whether it failed to disclose related-party transactions.

Professional services firm, MSKA Associates, will take over as the statutory auditor of Adani Ports & SEZ (APSEZ) following Deloitte's resignation, which was prompted by differences over several transactions with APSEZ management. MSKA & Associates has been hired until the next APSEZ annual general meeting, to be held in 2024. The resignation of Deloitte increases the number of audit changes at Adani Group companies in recent months.

MSKA and associates offer accounting services in India, and it is an independent member firm of BDO International, which is one of the top six global audit firms, Adani Group informed on Saturday.

The Congress on Saturday hoped the SEBI report on Adani would answer the questions raised by Supreme Court's Expert Committee and wondered when will Prime Minister Narendra Modi break his silence on the issue. In May, the apex court had granted the Securities and Exchange Board of India (SEBI) time till August 14 to complete its probe into the allegations of stock price manipulation by the Adani group.

Deloitte in May had pointed to certain transactions flagged by the US short-seller in its report and gave only a qualified opinion, which indicates concerns by a company's auditor.

In May, Deloitte had flagged three transactions, including recoveries from a contractor identified in the Hindenburg report, as it issued a qualified opinion on the accounts of Adani Ports & Special Economic Zone

Deloitte Haskins & Sells LLP has communicated to Adani Ports & Special Economic Zone Ltd. its resignation plans and a formal announcement is expected in coming days, one of the people said, asking not to be identified discussing a sensitive matter.

On August 11, Friday, Trendlyne reported an intriguing trend - more than 40 Nifty50 stocks witnessed the formation of the Golden Crossover. ETMarkets has singled out ten stocks from this group that are worth exploring. These stocks have experienced the Golden Crossover, indicating a potential shift in their price momentum

Promoters held 61.03 per cent stake in the company as of 31-Mar-2023, while FIIs owned 17.99 per cent, DIIs 12.97 per cent.

Adani Ports reported a consolidated net profit of Rs 2,115 crore for the quarter ended June 2023, which is higher by 83% compared with Rs 1,158 crore in the same quarter last year. Revenue from operations jumped 24% year-on-year (YoY) to Rs 6,248 crore in the June quarter. The same stood at Rs 5,058 crore in the same quarter last year.

Adani Ports' domestic cargo volumes recorded an 8 percent YoY increase, which is three times India’s volume growth rate in the same period

The 50:50 joint venture (JV) between Adani and Wilmar was set up in 1999. The company raised Rs 3,600 crore by way of an initial public offering in February 2022, bringing the stake of the two JV partners down to 43.97% each.

Adani Ports & SEZ (APSEZ) reported an 80% rise in quarterly profits due to robust operations and a swing to forex gains from a loss in the previous year. In addition, APSEZ has provided guidance for the current fiscal year of up to a 15% increase in cargo tonnage, a 20% rise in revenue, and a 17% increase in EBITDA

The accomplishment of crossing last week's high by these companies reflects their resilience and potential for future growth, making them noteworthy contenders in the stock market landscape.

Both profit and revenue figures were above the ET Now poll estimates of Rs 2,000 crore and Rs 5,900 crore, respectively.

Kotak said underlying comparable volume growth is driven by very strong growth in container volumes which are likely up 19 percent YoY.

Foreign portfolio investors were net sellers at Rs 1,892 crore on Monday. DIIs, meanwhile, bought shares worth Rs 1,081 crore.

Consolidated net profit is likely to fall 5.5% year-on-year (YoY) to Rs 1,929 crore, according to the average of estimates given by four brokerages. However, the revenue is set to increase by nearly 22% YoY to Rs 6,156 crore on the back of strong growth in volumes.