Key Points
more than doubled boosted by higher earnings from its. as the port-to-power conglomerate continues to rebound from a brutal short seller attack early last year..
The flagship firm of billionaire Gautam Adanis empire posted net income of 18.9 billion rupees ($228 million) for the quarter through December, compared with 8.2 billion rupees in the year-ago quarter, according to an exchange filing Thursday...
Total costs were up 1.1% to 264.7 billion rupees, the filing said.. Gautam Adani, chairman of Adani Group, during the Vibrant Gujarat Global Summit in Gandhinagar, Gujarat, India, on Jan. 10, 2024...
The ports-to-power conglomerate has been steadily clawing back lost ground after denying Hindenburg Researchs allegations of wide-ranging corporate fraud in January 2023 that forced the Adani Group into months of damage control..
We believe the company is at the core of everything India wants to accomplish, Cantor analysts Brett Knoblauch and Thomas Shinske wrote in a Jan. 28 note, outlining the importance of Adani Group in Indian governments nation-building priorities...
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