Current Date 23 Dec, 2024

Nomura: Adani Group Most Attractive Among Indian Corporates

Nomura, a Japanese brokerage, has named Adani Group as the most attractive among Indian companies. In a recent report, Nomura stated that despite recent issues, including allegations by the US Department of Justice, Adani Group remains strong. The report highlighted that there were "no signs of stress" within the company, which denied bribery allegations. Nomura also noted that Adani Group’s liquidity management has improved significantly since last year, making it more attractive compared to other Indian companies at investment-grade levels.