Previous close | 1,344.75 |
Open | 1,338.40 |
Bid | 0.00 x 0 |
Ask | 1,345.00 x 0 |
Day's range | 1,334.65 - 1,345.00 |
52-week range | 693.15 - 1,425.00 |
Volume | |
Avg. volume | 151,917 |
Market cap | 2.892T |
Beta (5Y monthly) | 0.56 |
PE ratio (TTM) | 33.75 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 6.00 (0.45%) |
Ex-dividend date | 13 Jun 2024 |
1y target est | N/A |
Norges Bank, which manages the sovereign wealth fund, said in a statement it has decided to exclude India's Adani Ports and Special Economic Zone, L3Harris Technologies and China's Weichai Power. Norges said it decided to exclude Adani Ports due to "unacceptable risk that the company contributes to serious violations of individuals' rights in situations of war or conflict." The company, which is part of billionaire Gautam Adani's conglomerate, was on the central banks' watchlist for possible exclusion from investment since March 2022.
S&P Global Ratings revised its outlook for India's Adani Ports and Special Economic Zone and Adani Electricity Mumbai to stable from negative on signs of robust cash flow in the next 12 to 24 months. Adani Ports' ratio of adjusted net debt to earnings before interest, tax, depreciation and amortization - a measure of its ability to pay off liabilities - is expected to be in the range of 3x to 4x over the next two years, S&P said. For Adani Electricity, the agency expects its ability to generate operating cash flow compared to its debt to improve to above 10% in fiscal 2024 and 2025.
India's largest private port operator, Adani Ports and Special Economic Zone, entered the bond market for the first time in over two years on Monday, with the issue garnering strong demand. Earlier in the day, the group's port operator unit accepted bids aggregating to 5 billion rupees ($60.2 million) for two listed bonds, with one maturing in five years and the other in 10 at coupons of 7.80% and 7.90%, respectively. The higher coupon may have been offered to appease investors, as the group is currently gauging demand, said Venkatakrishnan Srinivasan, founder and managing partner at Rockfort Fincap.