Adani stocks jump on SC panel report findings
1 year, 7 months ago

Adani stocks jump on SC panel report findings

Live Mint  

MUMBAI : Adani group stocks surged on Monday, led by flagship Adani Enterprises, with investor wealth rising by the most in almost nine months after a Supreme Court-appointed panel found no prima facie evidence of stock price manipulation as alleged by US short-seller Hindenburg Research. Six out of 10 Adani Group stocks hit their upper circuits, with the group market value in dollar terms rising by $9.7 billion to $122.9 billion from the previous session, the most since 30 August last year when it rose by $10.2 bn to $271.7 billion. Other group stocks such as Adani Power, Adani Wilmar, Adani Total Gas, Adani Transmission and Adani Green remained locked at their upper circuits at close. Aside from the heavyweights, stocks like Adani Green, Adani Transmission, Adani Power and Adani Total Gas saw fresh buying with delivery to the traded quantity of between 70% and 80%.

History of this topic

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