Adani Group profit in FY24 up by 55% to ₹30,000 Crore indiainfoline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiainfoline.com Daily Mail and Mail on Sunday newspapers.
But nonetheless, I think even when it has not performed so much, I think if somebody has to put fresh money, I think it surely makes a lot of sense given the performance, valuation comfort, I do not see much of a challenge over there. And recently, the fact bond yields went down when you had that big dividend payout, I think there was a bit of an outperformance. So, I think you could look for some more outperformance at least over the next 6 to 12 months.
markets: Can Vodafone Idea stock trade above Rs 20 in next one year? Hemang Jani answers indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
On Monday, the board of group firm Adani Energy Solutions also approved raising up to Rs 12,500 crore through a QIP. The two companies will raise a total of Rs 29,100 crore or around $3.5 billion.
Adani Group is considering applying for a license to operate on India s public digital payments network and planning a co-branded credit card with banks, aiming to enter the booming digital payments market.