Ajit Mishra answers reader queries on the stock market.
The month also saw Adani Power acquiring the 600-Mw Korba West thermal power plant from the Gautam Thapar-led Avantha group for Rs 4,200 crore (Rs 42 billion).
Companies with more than Rs 10,000 crore of debt would seek refinancing.
Ajit Mishra answers reader queries on the stock market.
Weeks after confusion over three Mauritius-based funds whipsawing shares of Adani group firms, billionaire Gautam Adani on Monday said that "twisted narrative" seems to imply that companies have regulatory powers over their shareholders and can compel disclosures. Shares of port-to-energy group nosedived last month after reports that accounts of three of the six Mauritius-based funds that have invested most of their money in Adani group firms had been frozen by the national share depository. The three funds owned about $6 billion of shares across the conglomerate.
Mahatransco (Maharashtra State Electricity Transmission Company Limited - MSETCL) Chairman and Managing Director Dinesh Waghmare said Tata Power's plants took time to start generating electricity following the grid collapse on Monday morning, resulting in the specially created 'islanding' system not working.
Don't count too much on the anchor investor quota, as it will provide stability to the stock for only a short period
While fundamentals have improved, run-up in shares has been sharp and valuations do factor in near-term upsides.
This will add to the woes of the conglomerate that had received a show-cause notice from the Directorate of Revenue Intelligence (DRI) last week for alleged over-valuation of imported machinery by Rs 2,000 crore.
The projects coming up in Bihar, Jharkhand and Odisha will together add 16,000 MW capacity to country's power generation.
'Kindly advise about the following stocks. Can I hold or exit?'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Stocks of three listed firms of Gujarat-based Adani Group on Friday ended as much as 6 per cent higher on the clear mandate given by voters to the BJP-led NDA.
Rupee breaching the 58 to a dollar will negatively impact companies like Adani Power and Tata Power.
Adani Enterprises plans to invest a total of $25 billion in the next five years.
Five states -- Maharashtra, Haryana, Rajasthan, Punjab and Gujarat -- face a massive power crisis.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The company proposed to move site for supply to Gujarat from Korba to coastal Mundra within 10 days of signing PPA.
Rapping the government for its failure to timely implement the competitive bidding mechanism for allocation of coal blocks, CAG on Friday said part of the Rs 1.86 lakh crore loss could have been partially tapped had the procedure been put in place earlier.
Adani Power will also be dropped from the S&P BSE 100 index
'Is it advisable to have more number of scrips in small quantities or a few scrips in big quantities?'
The circular says even a day's delay in servicing loans would be now taken as a 'default'. And once in default, for loans above Rs 2,000 crore, the banks will have to arrive at a resolution within 180 days, else lenders will have to file an application under the IBC within 15 days.
Adani says the company would have a generation capacity of 6,000 Mw by 2011-12.
As power generation across northern and western India bore the brunt of the coal scarcity, spot prices at IEX rose to Rs 10.8 a unit during August 25-27, compared with Rs 8.7 a unit on August 22.
Auto and index heavyweights Reliance Industries and ITC were the top losers in early trades.
The government's move is crucial as the state distribution utility MahaVitaran was purchasing about 95 per cent of power since the Dabhol project began generation in April 2006
In the past two months alone, four companies have garnered a cumulative Rs 22,400 crore via this route.
Reliance Infra claims the run by the market operator has caused a loss of Rs. 300,000 crore to infrastructure stocks.
Will get Rs 830 cr, Rs 329 cr respectively to offset higher coal costs
There where nearly 15 guests staying in the hotel at the time of the mishap.
Gaurav Garg, Head of Research, CapitalVia answers readers' stock market queries.
Earlier bidders in the SHAKTI auction were finding it difficult to meet their PPA obligations owing to shortfall in coal supply. The industry lobby has urged the Centre to review the guidelines and allow former participants as well.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The stock jumped 12.9 per cent to Rs 95.80 at Bombay Stock Exchange.
The revival of the initial public offer market has prompted brokerages to re-start margin funding, a process by which they finance high net worth clients to subscribe to new issues.
Power generation and distribution is the most indebted sector
As per financial service major Credit Suisse's India market strategy report, a host of companies, including Aditya Bira Nuvo, Bajaj Hindusthan, Adani Power, are planning to tap the capital markets in the coming months through various routes, including private placement and preferential allotments. The report advised investors, who are confident of the political outcome and global rally, to pick from the list of companies about to finish funding.
3i is a global private equity fund based out of UK and invests across buyouts, growth capital and infrastructure deals. It has a $1.2 billion India dedicated infrastructure fund which has made investments in Soma Enterprises and Adani Power.
The broader NSE index has fallen about 0.9% as investors wait for corporate results
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