The 12 per cent fall in Adani Ports and Special Economic Zone´s stock is the firm´s single largest decline in the past two years. It came on the back of research houses like Citigroup downgrading the stock from ´buy´ to ´neutral´ following a sharp increase in net debt, loans and advances. Domestic brokerages suck as Kotak Securities and Elara Capital, too, have reduced their rating from ´buy´ to ´add´ or ´accumulate´.
FlashNews:
Why India’s Roads are racing into Global Infra Asset Plans
Will the Road construction target be achieved in 2023-24?
Patel Engineering & JV Partner Secure Rs. 1,818.56 Crore Contract
Invest in infrastructure, Gadkari exhorts industry
Cement demand to outpace supply growth
Indian Army & NTPC arm sign agreement to build green hydrogen plants
Raising of upto Rs 6billion bonds issued by Power Grid Corp
1 GW of pumped storage projects in Karnataka won by JSW and Greenko
PM GatiShakti’s NPG recommends six infrastructure projects
New PPP: PSUs Pivoting to Productivity
What Makes Airlines Nosedive?
RIL & Adani Group withdraw bid to acquire SKS Power Generation
Ahmednagar to soon have its first solar agri-feeder
Brookfield to Acquire KKR’s 50% Stake in Renewable Developer X-Elio
SCHOTT enters PPA with CleanMax for Wind Solar Hybrid Project
Power Grid Corporation receives 6 Special Purpose Vehicles from REC
Power Finance Corporation to receive Rs 165 cr loan from Japan’s JBIC
Delhi aims to meet annual electricity demand through solar power
BCCL signs 1st MDO contract for coking coal extraction
Home » Adani Ports | High debt a key concern
Adani Ports | High debt a key concern
Leave a Reply
You must be logged in to post a comment.