As on March 27, 2023, the pledge positions of listed Adani Group companies in Adani Green stood at 3.5% as against 4.4% on December 31, 2022, according to the release. In Adani Ports, it was at 4.7% versus 17.3%, while in Adani Transmission, it was at 3.8% as against 6.6%. Such pledge positions in Adani Enterprises dropped to 0.6% from 2.7% in the December quarter.
Citi bullish on Indian equities, sees Nifty at 28,000 by end-2027
Citi Research projects that India’s benchmark Nifty 50 index could hit 28,000 points by the end of 2027. This forecast is based on strong earnings