Adani Power Ltd (ADANIPOWER)

Adani Power Shares Hit All-Time Highs on Positive Growth Outlook - 16 May, 2024

Shares of Adani Power have surged over 65% in the last six months and gained 171% in a year. The company reported a 47.8% YoY decline in consolidated net profit for Q4 FY24 but saw its continuing EBITDA more than double. Technical experts predict further upside with targets around Rs 680-685.

Adani Power Shares Surge to Record Highs - 15 May, 2024

Adani Power's stock climbs to a new lifetime peak of Rs 647.80, indicating an upward trajectory backed by solid quarterly numbers and technical chart patterns. Analysts predict further upside potential.

Adani Power Rallies Amid Heavy Volumes - 14 May, 2024

Adani Power saw a rally of up to 7% on the BSE amid heavy volumes. The company was also listed as one of the beneficiaries of over $1 billion investment in traditional sectors, with strong growth seen in consumer retail, healthcare, and energy.

Adani Power Stock Jumps on Positive News - 09 May, 2024

Adani Power's stock gained 7% after the company's promoters removed pledged shares worth Rs 8,638 crore. The thermal power producer also reported a consolidated profit before tax of Rs 3,558 crore in Q4 FY24, compared to Rs 898 crore YoY. Four out of five technical analysts remained positive on the counter.

Adani Power Reports Strong Q4 Results; Promoters Revoke Pledged Shares - 08 May, 2024

Adani Power's Q4FY24 revenue grew by 30.48% YoY to Rs. 13,364 crore with profits of Rs. 2,737 crore. Gautam Adani and Rajesh Adani revoked pledged shares worth Rs. 8,638 crore on May 7.

Adani Power Reports Lower Q4 Profit, Higher Sales Volume - 07 May, 2024

Adani Power reported a decline in Q4 profit due to higher profit after tax in the year-ago quarter that was primarily boosted by non-cash reversals. However, consolidated power sales volume increased significantly by 55% YoY, reaching 22.1 billion units (BU). The company also announced its operational capacity and development plans for new projects.

Adani Power Faces Regulatory Scrutiny After Q4 Results - 03 May, 2024

Adani Power faces regulatory scrutiny after SEBI alleged the company of not reporting certain transactions in financial statements and lacking requisite approvals. The company declared its Q4 results with a 30.48% revenue growth but a 47.79% YoY profit decrease. The stock price is down by 0.6%, and the MACD signals a bearish bias.

Adani Power Reports Decline in Q4 Profit, But Full-Year Net Profit Almost Doubles - 02 May, 2024

Adani Power reported a decline in Q4 FY24 net profit, but its full-year net profit almost doubled. The company also successfully bid for LAPL and is set to acquire it. Adani Power's Q4 revenue rose significantly, while expenses were up as well. The company has initiated development of a USCTPP expansion project at its existing plant in Chhattisgarh.

Adani Power Reports Decline in Q4 Net Profit - 01 May, 2024

Adani Power reported a 48% decline in consolidated net profit for Q4 FY24 due to increased expenses. However, the company's Q4 revenue rose by 30.5% YoY. The company's installed capacity also increased, and its fuel costs fell. For the entire FY24, Adani Power's net profit almost doubled.

Adani Power Q4 Results Expected to Show Strong Growth Momentum - 30 Apr, 2024

Adani Power is set to announce its Q4 financial results, with strong growth momentum expected to continue. The company plans to expand capacity by 1,600 MW at Mahan and explore inorganic growth opportunities. Adani Power's Q3 operating profit soared to Rs 5,059 crore, indicating a potential continuation of strong operating margins in Q4.

Adani Power Witnesses Largest Release of Promoter-Pledged Shares - 23 Apr, 2024

Adani Power saw the largest release of promoter-pledged shares in FY24, with 28.16 crore shares valued at Rs 15,000 crore released from pledge. The company's pledged shares reduced from 72.72 crore to 44.56 crore.

Adani Power Witnesses Largest Release of Promoter-Pledged Shares - 19 Apr, 2024

Adani Power witnessed the largest release of promoter-pledged shares among Adani Group companies in FY24, with around 28.16 crore shares worth Rs 15,000 crore being released.

GQG Partners Invests $1 Billion in Adani Group Companies - 18 Apr, 2024

Rajiv Jain's GQG Partners invested around ₹8,300 crore ($1 billion) in six Adani group companies during Q4FY24. In March 2024 quarter alone, the firm bought shares worth ₹2,138 crore in Adani Power.