Adani Transmission stock jumps 2% today after securing three smart metering projects in Q1
时间:2024-06-26 20:23:53 阅读(143)
Adani Transmission jumped 1.88% to Rs 798 today following the release of the company’s Q1 business update. The Adani Group firm revealed that it had successfully secured three smart metering projects during the quarter. Adani Transmission stock has fallen 2% in the last one month and over 70% in the past six months.
At the current price of Rs 789.05 per share, the company’s market capitalization stands at Rs 88,012 crore. While the stock hit a 52-week high of Rs 4,238.55 on September 16, 2022, it touched a 52-week low of Rs 630 on March 1, 2023.
Regarding its transmission and smart meter business, the Adani Group firm highlighted that it maintained system availability of over 99.8% in Q1 and added 550 km to its operational network during the quarter. As a result, the total network now stands at 19,778 km. Despite facing weakened sentiment around Adani Group stocks following the release of the Hindenburg report on January 24, Adani Transmission shares have been trading 81% lower than their record high. In response to the Hindenburg report, the Group denounced it as maliciously mischievous and unresearched, asserting that it had a detrimental impact on the Adani Group, its shareholders, and investors.
The Adani Group expressed its belief that the timing of the Hindenburg report’s publication was clearly motivated by a brazen and mala fide intention to undermine the group’s reputation, particularly with the objective of damaging the follow-on public offering from Adani Enterprises, which was the largest follow-on public offering ever in India.
(With agency inputs.)
猜你喜欢
- Nifty to climb above 18200 or profit-booking to resume- 5 key things to know before market opening bell
- Nifty set to hover around key support level of 19500- See GIFT Nifty, FII data, F&O ban, crude, more before market opens
- Nifty likely to retest 18600 all-time highs, Bank Nifty may touch 40000 ahead of Union Budget
- Nifty, Sensex end at record highs amid dovish Fed, positive PMI; could see consolidation at higher levels
- Nifty to extend gains or fall under 18,300- Check 8 things to know before share market opens
- Nifty to hit 17600 if it holds above 17400, Bank Nifty looks positive; RIL, Airtel, others top stocks to buy
- Nifty slips below 17600, Sensex dips 100 pts in early trade on Thu, Feb 23; ZEEL, Biocon shares fall
- Nifty to fall below 18000 or bulls to stage a comeback- 7 key things to know before market opening bell
- Tata Motors stock outlook- Hits new 52-week high post Q4 results; will it rise more as auto sector grows-