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Rs 179 to Rs 1,455: This Adani Group stock turned into a multibagger in 1 year

Rs 179 to Rs 1,455: This stock turned into a multibagger in 1 year The company reported robust earnings for the quarter ended March 2021. It reported a consolidated net profit of Rs 257 crore in Q4 against a profit of Rs 59 crore in the year-ago quarter BusinessToday.In | May 21, 2021 | Updated 18:24 IST Representative Image Share of Adani Transmission rose 5 per cent to hit a 52-week high and was locked at 5 per cent upper circuit of Rs 1,455.20 today. The company has now surpassed Adani Ports to become the second most valuable Adani Group company. Market cap of Adani Transmission rose to  Rs 1,59,939.88 crore on BSE. As per the data, Adani Green Energy is the most valuable group company with a market cap of Rs 2.01 trillion.

KEC signs up with Adani Transmission for completion of WKTL project

KEC signs up with Adani Transmission for completion of WKTL project ANI | Updated: Apr 19, 2021 11:06 IST Mumbai (Maharashtra) [India], April 19 (ANI): Infrastructure major KEC International has signed project and novation agreements with Adani Transmission s subsidiary Warora Kurnool Transmission Ltd (WKTL) for Rs 477 crore to complete the balance work of transmission lines in Andhra Pradesh, Maharashtra and Telangana. The pacts include release of earlier dues of the project. The execution of these transmission lines is expected to start shortly. Adani Transmission had signed agreements with Essel Infraprojects Ltd on March 26 for acquisition of WKTL. We are pleased that work on this strategic project interconnecting the West to South is poised to restart, said Vimal Kejriwal, Managing Director and CEO of KEC International.

Nifty to tumble over 180 points on fresh lockdown announcements

Nifty to tumble over 180 points on fresh lockdown announcements April 19, 2021 × Though Covid-19-related situation is worrisome, IMD and Skymet predicting normal monsoon for the country augurs well for the market Indian markets are expected to open sharply lower on Monday, as fresh lockdowns have been announced by various governments following spread of the Covid-19 pandemic. The SGX Nifty, which currently rules at 14,463 at the Singapore Stock Exchange, indicates at least a 180 points gap-down opening for Nifty futures, which on Friday closed at 14,645. Analysts fear the recovery in the Indian economy could falter on fresh lockdowns announced by various State governments. States such as Maharashtra, Gujarat, Tamil Nadu and Delhi have announced fresh lockdowns and night curfews recently.

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