adani ports and sez ltd

Indian equity benchmarks Sensex and Nifty closed lower on Tuesday after a late sell-off in heavyweight stocks like HDFC Bank and Reliance Industries erased early gains. Concerns over the rupee hitting a fresh record low and elevated crude oil prices also weighed on investor sentiment, though IT stocks provided some support.

HSBC initiates SRF coverage with a buy, citing strong growth potential in specialty chemicals and performance films. Jefferies is bullish on Grasim, expecting increased capital availability for growth. Nomura sees Adani Ports expanding its marine business significantly in Europe. CLSA maintains a hold on Tata Power, believing the worst is over.

Indian equity markets experienced a downturn Friday, with both Sensex and Nifty closing lower. Renewed military tensions near the Strait of Hormuz dampened investor sentiment, leading to profit-booking across various sectors. While IT stocks showed resilience, PSU banks were significantly impacted. Global markets also reflected cautious sentiment.

Analysts are bullish on Adani Ports, Indus Tower, and Voda Idea, citing strong performance and growth prospects. Kotak Bank shows solid operating metrics, though RoE lags peers. Bharti Airtel's outlook remains positive despite potential tariff hike delays, with industry repair seen as intact.

Odisha Chief Minister Mohan Charan Majhi launched 36 industrial projects worth Rs 40,811 crore, poised to create over 59,000 jobs. These initiatives span green energy, metals, textiles, and more, with significant investments from the Adani Group. Majhi highlighted Odisha's transition to prosperity, marking a "second industrial revolution" and a commitment to economic growth and 'Odia Asmita'.

Indian equity benchmarks, Sensex and Nifty, staged a strong intraday recovery to close higher on Tuesday. Easing crude oil prices, positive global cues, and robust buying in IT stocks fueled the rebound. Despite initial weakness, markets ended firmly in the green, with IT stocks leading the gains.

The government has approved the Adani Group's proposal for clubbing its three notified special economic zones in Gujarat to form a mega multi-product export zone spanning over 8,500 hectares. The decision was taken by the Board of Approval (BoA), headed by commerce secretary Rita Teaotia.

Ports and logistics major, Adani Ports and SEZ Limited (APSEZ), on Thursday announced it has inked a memorandum of understanding with Abu Dhabi-based AD Ports Group for joint investments in the infrastructure sector in Tanzania.

Adani Ports and Special Economic Zone said it has received environment and other nods for its 8,481 hectares special economic zone, a move that will pave way for setting up facilities like desalination and effluent treatment plants besides boosting exports.

Adani Ports & SEZ Ltd has partnered with France’s CMA CGM Group to invest Rs 2,100 crore to develop a new container terminal at Mundra port.