ADANIENSOL.NSE News
Adani Group’s strong assets, cash flow support USD bonds’ credit profile: BofA
Ahmedabad, Nov 11 : BofA Securities on Tuesday said that Adani Group’s operations remain sound amid structural protections, which reflect strong market access, adding that a solid asset base anchors cash flow and credit profile of the Group's USD bond issuers across ports, utilities and renewable sectors. The Adani Group showcased operation, expansion and market access amid global scrutiny as ratings stayed put while outlooks/watches changed, according to the global brokerage, which added that the Group’s “solid credit fundamentals support our positive stance on the USD bond”. According to BofA, the holding companies of the group's USD bond issuers have reported better fundamentals over the last two years, underpinned by EBITDA growth on capacity expansion, along with moderation in leverage. “Looking ahead, we expect ADSEZ's credit profile to improve further, supported by its diversified ports, sticky volumes and efficient operations. We estimate ADSEZ's leverage to stay 2.5x despite heſty investments,” said the global brokerage.
cityfalcon.com
Adani Group’s strong assets, cash flow support USD bonds’ credit profile: BofA
Ahmedabad, Nov 11 : BofA Securities on Tuesday said that Adani Group’s operations remain sound amid structural protections, which reflect strong market access, adding that a solid asset base anchors cash flow and credit profile of the Group's USD bond issuers across ports, utilities and renewable sectors. The Adani Group showcased operation, expansion and market access amid global scrutiny as ratings stayed put while outlooks/watches changed, according to the global brokerage, which added that the Group’s “solid credit fundamentals support our positive stance on the USD bond”. According to BofA, the holding companies of the group's USD bond issuers have reported better fundamentals over the last two years, underpinned by EBITDA growth on capacity expansion, along with moderation in leverage. “Looking ahead, we expect ADSEZ's credit profile to improve further, supported by its diversified ports, sticky volumes and efficient operations. We estimate ADSEZ's leverage to stay 2.5x despite heſty investments,” said the global brokerage.
cityfalcon.com
Tata Capital to list on NSE and BSE today. The grey market premium suggests a lacklustre debut for India’s largest IPO
India’s market regulator has given Adani Group a clean chit in the high-profile Hindenburg case, saying no evidence of financial fraud or manipulation was found. The order sparked a strong rally across key Adani stocks.
A 2-day GST Council Meeting begins today to discuss rate rationalization
IndusInd Bank, Bharat Electronics, Adani Green Energy, and Torrent Pharma, among other companies, are scheduled to report their quarterly earnings later in the day
The company reported a net profit, compared to a loss in the same period last year. Revenue grew 27%
A bullish crossover between the stock’s 5-day and 20-day moving averages has probably taken place, the analyst said.
Analyst believes that Adani Energy may be forming a bullish base. He sees a potential breakout past ₹970.