Gautam Adani Share News, Mars is Mars for Gautam Adani, the bet turned in 24 hours, such good news came that the shares jumped – adani singapore hong kong roadshow effect adani share come back with big jumped

Happy Tuesday for Gautam Adani

Negative news is coming for Gautam Adani since last one month. Adani’s shares were continuously falling since the Hindenburg report came out. On Tuesday, something like this that the fast falling stocks returned tremendously. Shares of Adani’s flagship company Adani Enterprises jumped up to 10 per cent. After the fall in the market, the shares of Adani Enterprises are rising at the speed of rocket. By 12 noon, the shares of Adani Enterprises reached Rs 1313. Today eight out of 10 shares of Adani have seen tremendous growth. Let’s take a look at Adani’s shares today…

8 out of 10 stocks rose

1. Shares of Adani Enterprises (ADANIENT): rose to Rs 1317.70 (+10.34%) on Tuesday.
2. Adani Ports and Special Economic Zone Limited (ADANIPORTS): is trending at Rs 586.80 (+4.41%).
3. Adani Power Ltd. (ADANIPOWER): Gaining momentum at Rs 146.45 (+4.98%).
4. Adani Green Energy (ADANIGREEN): Gaining momentum at Rs 479.70 (+3.73%).
5. Adani Wilmar (AWL): Is trending higher at Rs 356.60 (+3.60%).
6. On the other hand, ACC Cement is trending at Rs 1734 with a gain of 2.34 per cent today.
7. Shares of Ambuja Cement are rising today with a gain of 4.14 per cent to Rs 343.35.
8. NDTV shares today rose by 4.39 per cent to Rs 189.15.

Positive news for Adani

Adani Group is conducting roadshows abroad to win the confidence of investors. Adani Group’s roadshow in Singapore and Hong Kong has started from 27 February, which will run till 1 March. After the arrival of this news, the confidence of investors is moving towards the group. During the roadshow in Singapore, the Adani group presented the company’s position to its investors. Adani group said that they have no shortage of funds. They do not have shortage of money. On the first day of its roadshow, the Adani group told investors that they have enough funds to clear the debt. On the other hand, Adani Group’s CFO Jugshinder Singh assured the investors and said that he has not come to take loans through roadshows or persuade investors to invest more capital. Significantly, the Adani Group has already been facing allegations that it has a huge debt. The group has also taken loans against the shares of its company.

Hindenburg’s effect would have been neutralized

Hindenburg has also said this in his report. Now Adani is preparing to overcome this debt burden. Adani Group plans to pre-pay or repay such loans. Adani Group plans to pre-pay loans worth $690 to 790 million (up to Rs 65 billion) by the end of March this year. This loan group has taken against the shares of its companies. Adani also plans to refinance Green Energy’s 2024 bonds with $800 million. The group held meetings with bondholders to address investors’ concerns. In this meeting, the group disclosed the refinancing plans of some of its units. At the same time, the positive news received from the rating agency has got an impact on Adani’s shares. Global rating agency S&P has taken Adani Green out of under observation. The agency has also maintained its credit rating at BB+. The rating agency said that Adani Green’s debt is fully secured and the company has good cash flow. The effect of all these news is now being seen on Adani’s shares.