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Demerger of Adani Enterprises (19-07-2024)
Rs.23,000 Crores fund has been Invested by Promoters in 5 Adani Group Companies
The 5 Companies in which the Promoters have increased their stake in
- Ambuja Cements by 3.59% to 70.33%
- Adani Enterprise by 2.11% to 74.72%
- Adani Green Energy by 1.15% to 56.37%
- Adani Power by 0.96% to 71.75%
- Adani energy Solutions by 1.72% to 73.22%
The Promoter stake in the companies ACC, Adani Ports and SEZ, Adani Total Gas, and Adani Wilmar had no Change in the holdings from the previous Quarter ie. March 2024 to June 2024.
An Independent Analyst had quoted that “promoters raising stakes in firms was a signal of their confidence in the long-term growth prospects of the businesses and promoters’ belief that the intrinsic value of the company was higher than what the market thought it was worth.”
However, FII’s have significantly decreased their holdings in several Adani Group Companies during the June quarter.
What is your opinion on this? On one side FII’s exit the stock and on the other side Promoters increase their stake.
StageInvesting +Elliot Waves (19-07-2024)
Can you please share your analysis on Private sector banks especially HDFC bank as per EW wave ? Any signs on trend reversal?