Adani Enterprises shares fall after management cuts capex guidance for FY25
Thu, Nov 7, 2024 11:14 AM

Adani Enterprises shares fall after management cuts capex guidance for FY25

A Flip by Shubhangi Gupta
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Shares of Adani Enterprises Ltd fell as much as 3.4% on Thursday, November 7, after the company cut its capital expenditure guidance for financial year 2025. As per the transcript of its post earnings call for the September quarter, the management now expects full-year capex to be around ₹67,000 crore, down from the ₹80,000 crore it had guided for at the start of financial year.

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