Adani Energy Solutions (AESL), formerly Adani Transmission Ltd, on Thursday, reported a consolidated net loss of Rs 1191 crore against a profit of Rs 182 crore for the quarter ended June 30. The loss was on account of an exceptional item.

Adani Energy Solutions Q1 Results: Company posts a net loss of Rs 1,191 crore

Adani Transmission has denied reports that Abu Dhabi National Energy Co (TAQA) will be investing $2.5bn into Adani Group firms or a single entity. Following the report earlier today, shares of Adani group firms Adani Green Energy, Adani Energy Solutions and Adani Power jumped up to 12% in Friday’s t…

Adani says Abu Dhabi’s TAQA is not in talks for $2.5 billion investment in power business

The majority of the group companies also ended in the green. Adani Ports jumped 4.47 percent, Ambuja Cements climbed 1.91 percent, Adani Enterprises gained 1.45 percent, NDTV (1.26 percent), ACC (0.64 percent), and Adani Transmission (0.42 percent).

Adani Power Shares Climb Over 2%; Majority Of Group Firms Settle In Green

Abu Dhabi National Energy Co. (TAQA) is considering investments of $1.5-2.5bn in Gautam Adani’s power businesses, including thermal generation, transmission, clean energy, and green hydrogen. At present, TAQA is looking to buy up to 19.9% of Adani Energy Solutions, originally Adani Transmission, for…

TAQA looks to bet big on Adani’s power business with $2 billion investment

In March, the US-based GQG Partners had invested $1.87 billion in Adani Enterprises, Adani Ports, Adani Transmission and Adani Green Energy

Adani Power Rises Over 3% As GQG Partners Picks 8.1% Stake; Details - News18

Promoter entities of Adani Group, led by Gautam Adani, sold 28 cr. shares of Adani Power worth ₹7,900 cr. in 3 block deals. Last week, 91 lakh shares were released from pledge, while last month ₹11,000 cr. was raised from Adani Enterprises, Adani Transmission & Adani Green Energy. Adani Green Energy…

Two promoter entities sell over 8 per cent stake in Adani Power for ₹8,710 crore

Adani group stocks fall after Deloitte resigns as auditor. Shares of Adani Enterprises, Adani Transmission, Adani Power, Ambuja Cements, Adani Ports, Adani Green Energy, Adani Wilmar, Adani Total Gas, NDTV, and ACC all decline. Deloitte raised concern over transactions flagged in US short seller’s r…

Adani group stocks fall; Adani Enterprises tanks more than 5%

Adani Energy Solutions, formerly Adani Transmission, aims to offer all kinds of solutions, with a significant focus on providing green power and affordable tariffs with almost all distributors 24/7. It is poised to expand beyond transmission and into smart metering to acquire the wires in new areas.…

Anil Sardana on why Adani Transmission was renamed Adani Energy Solutions, expansion, capex plans & more

Adani Energy Solutions, formerly known as Adani Transmission, reported an 8% rise in consolidated net profit to ₹181.98 crore in the June quarter, attributed to increased revenues. The company’s total income also rose to ₹3,772.25 crore from ₹3,249.74 crore a year ago. Despite the challenging macroe…

Adani Energy Solutions net profit rises 8% to ₹182 cr in June quarter

Adani New Industries raised $394 million from Barclays PLC and Deutsche Bank AG for its solar module manufacturing facility. Ipca Laboratories’ stake purchase in Unichem Laboratories was approved by the Competition Commission. Adani Transmission renamed itself to Adani Energy Solutions. Religare Ent…

Stocks to watch today: July 28, 2023

As per the company, the renaming was warranted by the company’s entry into the power distribution space following the acquisition of the power distribution business of Reliance Infrastructure, subsequent expansion and the application of a parallel licence in Maharashtra and Uttar Pradesh and the pro…

Adani Transmission now Adani Energy Solutions

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Adani Transmission Limited is engaged in engineering, construction management / operation and maintenance business. The Company's businesses include engineering, procurement and construction (EPC) and Utilities.