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Shares of Adani Ent slipped 4% in trade on Monday morning after reports suggest that the co has suspended work on Rs 34,900 cr petrochemical project in Mundra, Gujarat.
According sources, India's Adani Group informed its creditors that it has obtained a $3 billion loan from a sovereign wealth fund.
Adani Enterprises shares recovered from lows to trade more than 2% higher on the BSE following the release of Q3 earnings.
Stocks to watch today: Adani Enterprises, ONGC, Coal India, Siemens, Grasim Industries, and Eicher Motors, among others, will publish third-quarter fiscal year (Q3FY23) results.
M&M, ABB India, AstraZeneca India, BHEL, Delhivery, and Dish TV India are among the companies represented. JK Lakshmi Cement, Inox Wind, and Inox Green will be among the companies to watch today when they report December quarter earnings.
MSCI stated that any changes to the free float and market capitalization of Adani Group equities that may affect the computation of these data will be executed and published as part of its February index review, which is scheduled to be issued on Thursday.
On January 24, entrepreneur Gautam Adani's firm lost roughly $120 billion in value after charges of accounting fraud were levelled by short-seller US investment organisation Hindenburg Research.
According to a Dow Jones Index release, Adani Enterprises will be excluded from the Dow Jones Sustainability Indices following a Media & Stakeholder Analysis prompted by claims of stock manipulation and accounting fraud.
HDFC, Titan, Tata Consumer, Dabur India, Zydus, Berger Paints, Max Healthcare, Apollo Tyres, and Bajaj Electricals will be among the companies reporting profits for the fourth quarter today.
According to a stock regulatory filing, the business intends to defend the interests of its investing community by returning the FPO funds and withdrawing the completed transaction.
The stock began higher at ₹3,030, but couldn't hold the gains and fell throughout the day.
One of the anchor investors, Abu Dhabi's IHC, contributed additional $400 million to the FPO.
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