|Bid||1,434.35 x 0|
|Ask||1,435.10 x 0|
|Day's Range||1,381.30 - 1,440.20|
|52 Week Range||116.25 - 1,440.20|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||278.74|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||136.00|
MELBOURNE (Reuters) -Proxy advisory firm Glass Lewis has recommended shareholders in Adani Enterprises Ltd vote out a member of the board's risk committee. Glass Lewis said it was making the recommendation after an Australian court in August found that Adani Abbot Point Terminal Pty Ltd, a coal export terminal in the state of Queensland, engaged in monopolistic business practices. An Adani spokesperson said, however, that the Abbot Point Terminal was a separate company, and was not part of Adani Enterprises.
Shares in companies controlled by Indian billionaire Gautam Adani shed more than $6 billion on Monday despite rejecting media reports that said accounts of three foreign investor funds that own stocks had been frozen. Adani Group flagship Adani Enterprises closed down 6.3% after plunging as much as 25%, its steepest fall in nearly a decade. The Adani Group firms involved rejected reports about the National Securities Depository Ltd (NSDL) freezing the funds' accounts as "blatantly erroneous" in identical statements issued to stock exchanges.
MELBOURNE (Reuters) -Australia's coal industry is suffering from dwindling access to finance and insurance that is raising the costs of doing business and threatening the longevity of the an industry that accounts for the country's second-most-valuable exports, submissions to a parliamentary inquiry showed. In submissions to the inquiry into regulation of investment in Australia's export industries, miners and contractors such as Adani Enterprises Ltd, New Hope Corp and Whitehaven Coal, said worsening access to financial services was unfairly raising business risks and costs. Australia remains a laggard in climate change commitments, so far refusing to commit to a target for net zero emissions by 2050, citing the risk of hurting the economy.