The recent surge in the stock can be attributed to two key factors: the upward revision by Moody s and the operationalization of a 51 MW solar capacity in Gujarat.
Credit ratings agency Moody's has revised the outlook of four Adani Group companies to 'stable' from 'negative' in view of timely debt repayments and ability to raise funds.
Moody's revises outlook on Adani Group companies to 'Stable' from 'Negative' - Market News financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Get latest articles and stories on Business at LatestLY. Moody's Investors Service has affirmed the ratings on eight Adani Group companies. It changed the outlook on four of the Group companies to stable from negative and maintained the stable outlook on the other four companies. Business News | Moody's Upgrades Rating on Four Adani Group Companies.