Adani shock for $3.1 trillion India stock market is ebbing fast
1 year, 10 months ago

Adani shock for $3.1 trillion India stock market is ebbing fast

Live Mint  

Signs are fast emerging that investors in Indian stocks are moving beyond the Adani Group’s woes. Fund managers see India’s main equity indexes both ending the year higher than current levels, according to a Bloomberg News survey, as strong domestic demand boosts corporate earnings. The Adani selloff isn’t an India issue because the governance standards of many Indian companies are on par with global ones, while similar problems can be found in many other countries, she said. He told Bloomberg late last month that he plans to put more money into India as the “long-term future of the market is great,” and the investor retreat as a result of the Hindenburg report “is an Adani problem.” Hindenburg published a report on Jan. 24 accusing the Adani group of share manipulation and fraud — charges the conglomerate has repeatedly denied. Fund Survey Sixteen of 22 local fund managers Bloomberg News asked in an informal survey this month said they were still bullish on Indian stocks despite the Adani saga.

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History of this topic

Outlook 2025: Top fund managers remain bullish on Indian stock market, suggest these 4 sectors to invest in
3 days, 7 hours ago

Outlook 2025: Top fund managers remain bullish on Indian stock market, suggest these 4 sectors to invest in

Live Mint  

Market veterans and several fund managers of some of India's top fund houses believe the Indian stock market remains well-positioned to grow despite global challenges and risks arising from sticky inflation and elevated interest rates. "With a growing middle class and a favourable business environment, India can emerge as a key global economic player, benefiting from internal reforms and external …

Adani Shares Soar As Bribery Allegations Clear; Market Cap Jumps Rs 1.2 Lakh Crore
Top News
3 weeks, 6 days ago

Adani Shares Soar As Bribery Allegations Clear; Market Cap Jumps Rs 1.2 Lakh Crore

ABP News  

Adani Group witnessed a significant turnaround in investor sentiment on Wednesday, with its market capitalisation swelling by Rs 1.2 lakh crore in a single trading session. This remarkable 10 per cent surge came as legal clarifications eased concerns over alleged bribery charges, which had previously dampened confidence. Leading the rally were Adani Power and Adani Total Gas, both of which …

Why the Adani scandal is a problem for India's foreign policy
4 weeks ago

Why the Adani scandal is a problem for India's foreign policy

India Today  

The Adani Group, one of India’s largest and most influential conglomerates, has become a cornerstone of India’s global economic ambitions. In return, Adani has become a key instrument of India’s foreign policy, helping to boost India's economic presence in regions like South Asia. On the other hand, the increasing association between the Indian government and the Adani Group’s controversial dealings …

Adani bonds slide to year low as investors and lenders weigh bribery allegations
4 weeks, 1 day ago

Adani bonds slide to year low as investors and lenders weigh bribery allegations

Live Mint  

Adani dollar bond prices fell on Monday to almost one-year lows, as investors cut their exposure to the Indian conglomerate and some bankers considered pausing fresh lending in the wake of bribery and fraud accusations by U.S. authorities The group's billionaire chairman, Gautam Adani, and seven other people were last week charged with agreeing to pay around $265 million in …

Adani touts financial muscle, says can grow without external debt
4 weeks, 1 day ago

Adani touts financial muscle, says can grow without external debt

The Hindu  

Billionaire Gautam Adani's conglomerate on Monday showcased its cash reserves and profits that are enough to service debt obligations as well as meet growth plans as it reassured investors about business as usual despite a U.S. bribery indictment against the founder. Gautam Adani indictment: In-depth coverage The ports-to-energy conglomerate, whose chairman Mr. Adani and two other executives have been indicted …

Adani bulls cut positions before news of US indictment
4 weeks, 1 day ago

Adani bulls cut positions before news of US indictment

Live Mint  

Mumbai: Two days before a US court indicted senior officials of Adani Green Energy for allegedly bribing Indian state government officials to secure lucrative power contracts, bulls on two of the group companies' derivatives counters slashed their long positions, saving them from massive losses that hit the group shares after the news broke. Interestingly, certain traders holding futures positions of …

Adani Group shares rise for 2nd straight session: 2 reasons behind bull run
4 weeks, 1 day ago

Adani Group shares rise for 2nd straight session: 2 reasons behind bull run

India Today  

Adani Group shares saw a rise in early trade on Monday, continuing their recovery from last week’s turbulence. RECENT CHALLENGES The Adani Group recently faced allegations from US prosecutors, who accused Gautam Adani and others of orchestrating a $265 million bribery scheme to secure state energy contracts. MARKET REACTION Despite last week’s turbulence, Monday’s rally shows that investor confidence in …

Rising geopolitical tensions, Adani ‘bribery’ case add to Indian market’s woes — expert advice
1 month ago

Rising geopolitical tensions, Adani ‘bribery’ case add to Indian market’s woes — expert advice

Live Mint  

The current week brought a new wave of challenges stemming from both international and domestic political conflicts. However, this time, the intensifying rivalry between the BJP and Congress brought the Adani bribery case to the forefront, reported by the U.S. Department of Justice. The market showed resilience by the end of the week, signalling that domestic political turmoil is unlikely …

Friday’s relief rally after Adani shock leaves investors richer by ₹7.27 trillion
1 month ago

Friday’s relief rally after Adani shock leaves investors richer by ₹7.27 trillion

Live Mint  

Mumbai: Indian markets were quick to recover from the shock of the Adani group bribery charges, surging to a nearly six-month high and snapping off a two-week slump on Friday. Adani group stocks fared better than on Thursday, when the ports-to-renewables conglomerate lost ₹2.24 trillion in market cap after US prosecutors indicted chairman Gautam Adani and other executives in an …

Sensex jumps 1,200 points: 3 things to know about today's stock market bull run
1 month ago

Sensex jumps 1,200 points: 3 things to know about today's stock market bull run

India Today  

The domestic stock market witnessed a sharp rally on Friday, with the Sensex surging over 1,200 points and the Nifty breaching the 23,700 mark. Here are three key highlights from the day’s market performance: The BSE Sensex climbed 1,193.90 points to cross 78,340.07, while the NSE Nifty advanced 371.50 points to reach 23,721.40. The strong recovery in domestic equities added …

Live tracking Adani Stocks: Six Adani stocks recover on Friday
1 month ago

Live tracking Adani Stocks: Six Adani stocks recover on Friday

The Hindu  

Shares in billionaire Gautam Adani’s conglomerate saw a partial recovery on Friday, following a sharp sell-off triggered by U.S. charges alleging the tycoon paid over $250 million in bribes to secure lucrative government contracts. On the Bombay Stock Exchange, several Adani Group stocks rebounded: Ambuja Cements gained 3.50%, ACC rose 3.17%, Adani Enterprises advanced 2.16%, Adani Ports increased 2.05%, Adani …

India’s Adani Group sees $22 billion in value wiped off after US indictments
1 month ago

India’s Adani Group sees $22 billion in value wiped off after US indictments

Live Mint  

-Shares of Adani Group companies lost about $22 billion in market value in early trade on Thursday after U.S. prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme. Gautam Adani's flagship company Adani Enterprises fell 10%, while Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions, ACC, …

Adani Group stocks nosedive after US indictment over alleged bribery, investor fraud
1 month ago

Adani Group stocks nosedive after US indictment over alleged bribery, investor fraud

New Indian Express  

The allegations also include bids to obstruct justice by deleting electronic evidence and misleading the Justice Department, the Securities and Exchange Commission, and the FBI. Its key lenders include State Bank of India, ICICI Bank, Axis Bank, Yes Bank, IndusInd Bank, IDFC First Bank, Bank of India, RBL Bank, Central Bank of India, Union Bank of India, IDBI Bank and …

Adani Group to invest $10 billion in US energy and infrastructure projects
1 month, 1 week ago

Adani Group to invest $10 billion in US energy and infrastructure projects

Live Mint  

Adani Group founder and chairman Gautam Adani said in a social media post on platform X on Wednesday, November 13, that the company will invest $10 billion in energy and infrastructure projects in the United States. The Adani Group Chair announced the company's aims to expand the partnership between India and the United States by leveraging its global expertise and …

India is undergoing an astonishing stock market revolution
1 month, 2 weeks ago

India is undergoing an astonishing stock market revolution

Live Mint  

It is the largest-ever experiment in participatory capitalism. According to India’s financial regulator, a new mutual fund with a minimum monthly contribution of 250 rupees will soon be launched. View Full Image The 250-rupee fund illustrates India’s financial transformation. But the most extreme aspect of the investment boom is in derivatives trading: India now accounts for 80% of global turnover, …

India Emerges as a Safe Haven for Global Investors Amid Market Uncertainty
1 month, 3 weeks ago

India Emerges as a Safe Haven for Global Investors Amid Market Uncertainty

Live Mint  

Global funds are turning to India as a haven amid financial market uncertainties caused by the US election. The country's bonds have been performing well, with its sovereign bonds remaining relatively stable despite a global selloff of US Treasuries. India's currency, the rupee, offers minimal volatility compared to other emerging market currencies, making it a popular destination for investors seeking …

Foreign Investors' Selling Snarls India's Stock Market
2 months ago

Foreign Investors' Selling Snarls India's Stock Market

Live Mint  

India's stock market is experiencing a month-long slide, with the Sensex index down 6.7%. This is not considered a panic sell-off, but rather an asset class given to volatility. However, the market has been on a steep incline for over a year, and some experts believe that a prolonged bull run has finally exhausted itself. Foreign portfolio investors have been …

India's Adani Group unit raises 19.5 billion rupees via bond issue, say bankers
2 months, 3 weeks ago

India's Adani Group unit raises 19.5 billion rupees via bond issue, say bankers

The Hindu  

India’s Adani Airport Holdings has raised ₹19.5 billion via the biggest domestic bond issue since U.S. short-seller Hindenburg Research accused its parent group of improper use of offshore tax havens and stock manipulation. The Adani Group company, which manages and develops airport infrastructure assets in the country, had invited bids from investors earlier in the day and will pay a …

Adani Group stocks plunge up to 17% following Hindenburg's latest claims
4 months, 1 week ago

Adani Group stocks plunge up to 17% following Hindenburg's latest claims

India Today  

Shares of the Adani group dropped by up to 17% in early trading on Monday, following fresh allegations from the US-based short seller firm Hindenburg Research. US-based short seller firm Hindenburg Research on Saturday claimed that whistleblower documents show Securities and Exchange Board of India Chairperson Madhabi Puri Buch had a stake in the obscure offshore entities used in the …

Stock market rebounds: Sensex, Nifty climb almost 1%. Which stocks are falling?
6 months, 2 weeks ago

Stock market rebounds: Sensex, Nifty climb almost 1%. Which stocks are falling?

Hindustan Times  

Sensex and Nifty climbed over 1 per cent each today but slipped in red after witnessing heavy selling pressure. Sensex climbed 1.31 per cent and breached 73,000 mark before erasing entire gains while Nifty breached the 20,000 mark amid volatility. Among defence stocks, Bharat Dynamics fell 10 per cent to 1,293.35, Cochin Shipyard fell 10 per cent, NBCC 9.48 per …

Adani stocks crash up to 18%, wipe out recent gains amid volatility
6 months, 2 weeks ago

Adani stocks crash up to 18%, wipe out recent gains amid volatility

India Today  

Adani Group stocks faced a setback on June 4 as its stocks crashed by up to 18%. This correction led to a substantial decrease in Adani Group's market capitalisation, wiping out over Rs 10 lakh crore. In the previous trading session, the conglomerate's stocks had surged, adding Rs 1.4 lakh crore to its value, bringing the total market worth of …

India's Adani Energy Solutions to raise up to $1.5 billion
6 months, 3 weeks ago

India's Adani Energy Solutions to raise up to $1.5 billion

The Hindu  

India's Adani Energy Solutions said on Monday that its board has approved a fundraise of up to ₹125 billion. Business news website Moneycontrol had earlier reported that the two Adani companies — Adani Energy and Adani Enterprises — will collectively approve a fundraising plan in a range of $3.5-4 billion. Last year, U.S. shortseller Hindenburg in a report accused the …

Adani Enterprises stock recovers $30 billion lost after Hindenburg report
7 months ago

Adani Enterprises stock recovers $30 billion lost after Hindenburg report

Hindustan Times  

Shares of Adani Enterprises Ltd- flagship of Gautam Adani’s group- erased all the losses following a short-seller report in early 2023. The conglomerate cut debt and landed major projects owing to which its stock stock crawled back losses of more than $30 billion after US-based Hindenburg Research alleged wide-ranging corporate malfeasance and share-price manipulation at conglomerate in January 2023. Adani …

Adani, a Year Later: Investors Are Embracing India’s Humbled Champion
10 months, 3 weeks ago

Adani, a Year Later: Investors Are Embracing India’s Humbled Champion

Live Mint  

A year ago Adani Group, India’s infrastructure poster child, lost over $100 billion in market value in a matter of days following the publication of a short-seller report. Adani Enterprises, the group’s flagship, has clawed back 90% of the market value it had lost since Hindenburg’s report, alleging stock manipulation and accounting fraud, was published on Jan. 24, 2023. Gross …

What's happening? Adani stocks fire up, surge between 7 to 23%
10 months, 3 weeks ago

What's happening? Adani stocks fire up, surge between 7 to 23%

Hindustan Times  

Shares of all Adani Group firms rose by nearly 6 percent today owing to multiple factors like talks of fund raising which lifted the stocks led by flagship Adani Enterprises. According to the international brokerage firm Cantor Fitzgerald, Adani Enterprises is at the core of everything India needs which makes “AEL a unique long-term investment opportunity. Shares of Adani Energy …

Adani Ports share surge over 5 per cent as company returns to bond market after two years hiatus
11 months, 2 weeks ago

Adani Ports share surge over 5 per cent as company returns to bond market after two years hiatus

India TV News  

Adani Ports and Special Economic Zone shares rose 5.22 per cent in early trade on Tuesday to hit a 52-week high of Rs 1,229.90 after the company said on Monday that it plans to enter the bond market after a two-year hiatus. At the concluding session of the event, organised by the ruling DMK government, formal agreements were inked between …

Adani stocks rally as SC ruling wins back confidence of investors
11 months, 3 weeks ago

Adani stocks rally as SC ruling wins back confidence of investors

Live Mint  

Bengaluru/Mumbai: Traders and investors expected a rally in Adani group shares on Wednesday in anticipation of a favourable verdict from the Supreme Court. The various events of last year have been dubbed a “distraction” by the Adani group, including most recently in the third week of December when a dozen-odd senior executives led by group chief financial officer Jugeshinder Singh …

Adani Group to invest Rs 8700 crores in JDU-RJD-ruled Bihar across sectors
1 year ago

Adani Group to invest Rs 8700 crores in JDU-RJD-ruled Bihar across sectors

Op India  

On Thursday, the Adani Group announced a significant commitment to amplify its investments in Bihar, aiming to increase the conglomerate’s financial commitment to the state tenfold. Pranav Adani, Managing Director of Adani Enterprises, shared during the Bihar Business Connect 2023 event that the group plans to boost its current investment in the state from Rs 850 crore to a substantial …

Adani Group Companies Benefit From Market Sentiment, Stocks Soar High
1 year ago

Adani Group Companies Benefit From Market Sentiment, Stocks Soar High

ABP News  

As the stock market touched new highs on Monday, Adani Group and its entities took the investors on a joy ride with the firms mirroring the sentiment in the market. Shares of Adani Group companies remained popular during afternoon trading, and Adani Green Energy shares soar 8 per cent, and Adani Enterprises up by more than 7 per cent. On …

OCCRP reveals foreign investors linked to Adani stock manipulation
1 year, 3 months ago

OCCRP reveals foreign investors linked to Adani stock manipulation

The Hindu  

Published : Sep 05, 2023 11:25 IST - 3 MINS READ On August 31, western media outlets published the findings of The Organized Crime and Corruption Reporting Project, a global network of investigative journalists, which accused the Adani group promoters of using overseas funds as fronts to boost their shareholding in group companies beyond prescribed limits and manipulate stock prices. …

Adani family's partners used 'opaque' funds to invest in its stocks: Report
1 year, 3 months ago

Adani family's partners used 'opaque' funds to invest in its stocks: Report

Hindustan Times  

Millions of dollars were invested in some publicly traded stocks of India's Adani Group via "opaque" Mauritius funds that "obscured" involvement of alleged business partners of the Adani family, the Organised Crime and Corruption Reporting Project said in an article on Thursday. The OCCRP article comes after U.S.-based short-seller Hindenburg Research in January accused Adani Group of improper business dealings, …

Adani Ports, Adani Ent shares among top 10 largecap buys by mutual funds in July
1 year, 4 months ago

Adani Ports, Adani Ent shares among top 10 largecap buys by mutual funds in July

Live Mint  

The Indian equity benchmark indices continued their rally for the fifth consecutive month in July 2023. Mutual funds bought 65.98 crore shares of Coal India worth ₹15,125 crore last month. Similarly, they purchased Bajaj Auto shares worth ₹5,617 crore, HDFC Life Insurance Company shares worth ₹6,186 crore and Godrej Consumer shares worth ₹4,811 crore. The fund houses bought 1.5 crore …

Indian stock market back in top 5 ranking across the world
1 year, 6 months ago

Indian stock market back in top 5 ranking across the world

Live Mint  

Indian stock market reclaimed its position as the world’s fifth largest market amid a strong rally fueled by foreign fund inflows, improving domestic macros and a rebound in Adani group stocks. The rally in the Indian stock market also comes on the backdrop sustained foreign capital inflows driven by improved macro prospects. Meanwhile, momentum in the market was further boosted …

Adani Enterprises Shares Drop 8% as Traders Book Profit; What Should you Do Now?
1 year, 7 months ago

Adani Enterprises Shares Drop 8% as Traders Book Profit; What Should you Do Now?

News 18  

Adani Enterprises Share Price: The three-day rally in Adani Enterprises on Wednesday came to an abrupt halt as the Nifty stock lost up to 8% to hit day’s low of Rs 2425.85 on BSE as traders booked profits. This means Jain’s investment into four Adani Group companies in March has generated more than 65 per cent returns in less than …

Adani stocks soar; market cap jumps by ₹63,000 crore in a day
1 year, 7 months ago

Adani stocks soar; market cap jumps by ₹63,000 crore in a day

Live Mint  

Adani Group stocks continued dazzling on Tuesday, with most of them hitting their upper circuit levels in trade, as sentiment remain upbeat about the group stocks after the group got a clean chit from the Supreme Court panel. All 10 Adani stocks ended with gains with Adani Enterprises share price surging nearly 18 per cent to the intraday high of …

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 …

Adani Group firms dollar bonds rise as group considers partial buyback of debt securities
1 year, 8 months ago

Adani Group firms dollar bonds rise as group considers partial buyback of debt securities

India Today  

The U.S. dollar-denominated bonds issued by entities of India's Adani Group were trading marginally higher on Thursday, after a group company said it will consider a buyback of securities. On Wednesday, Adani Ports and Special Economic Zone, part of the beleaguered Adani Group, said it will consider its first and a partial buyback of certain of the company's debt securities …

Reliance, Infosys, Tata Motors among top largecap stocks mutual funds are buying
1 year, 8 months ago

Reliance, Infosys, Tata Motors among top largecap stocks mutual funds are buying

Live Mint  

Mutual funds remained bullish on the Indian equities in the just concluded fiscal FY23 and invested ₹1.82 lakh crore largely due to a strong interest from retail investors and the correction in the market that led to reasonable valuation. According to the monthly data analysed by domestic brokerages, major mutual fund houses have bought largecap stocks that include Infosys, Reliance …

EPFO subscribers are ‘captive investors’ of two Adani stocks
1 year, 8 months ago

EPFO subscribers are ‘captive investors’ of two Adani stocks

The Hindu  

The aftermath of the Hindenburg Research report may have made several large investors rethink their exposures to the Adani group. These investments are being made by India’s largest retirement fund — the Employees’ Provident Fund Organisation — which manages the old age savings of 27.73 crore formal sector employees and invests 15% of its corpus into exchange traded funds linked …

Adani has $2 bn bonds due for repayment in 2024
1 year, 9 months ago

Adani has $2 bn bonds due for repayment in 2024

Deccan Chronicle  

New Delhi: The Adani group, whose mostly debt-fueled breakneck expansion saw gross debt doubling in four years, has almost USD 2 billion worth of foreign-currency bonds coming up for repayment in 2024, according to a presentation the conglomerate made to investors. The apples-to-airport conglomerate borrowed over USD 10 billion in foreign currency bonds between July 2015 and 2022 across group …

Adani Group stocks zoom for back-to-back trading sessions. Is the worst over?
1 year, 9 months ago

Adani Group stocks zoom for back-to-back trading sessions. Is the worst over?

India Today  

Shares of 10 listed Adani Group companies jumped sharply on Friday and are expected to end the week on a strong note. Following the strong recovery rally, the market capitalisation of 10 listed Adani Group companies has jumped to over Rs 8 lakh crore. Adani Group stocks have witnessed a strong recovery rally over the past few trading sessions, after …

Adani Enterprises rises from lows on block deal buzz, other Group stocks gain
1 year, 9 months ago

Adani Enterprises rises from lows on block deal buzz, other Group stocks gain

Live Mint  

Shares of Adani Enterprises Ltd rose more than 3% to ₹1,613 apiece from lows after it plunged on the BSE in Thursday's opening deals on reports of a large trade on the flagship company. About 3.5% equity i.e., around 3.9 crore shares of Adani Enterprises worth ₹5,520 crore exchanged hands at an average price of ₹1,408 per share, as per …

How have Adani Group’s stocks behaved over the last month? - The Hindu
1 year, 9 months ago

How have Adani Group’s stocks behaved over the last month? - The Hindu

The Hindu  

Since January 24 when Hindenburg Research released a report alleging that the Adani Group had indulged in stock manipulation and other misdemeanours, much water has flowed under the bridge. Sure enough, the Adani Group has cut its growth estimates from 40% to 15-20% for the coming year, according to a Bloomberg report, which added that the group had also deferred …

Congress questions the addition of five Adani stocks to NSE indices
1 year, 9 months ago

Congress questions the addition of five Adani stocks to NSE indices

The Hindu  

The Congress on February 27, 2023, as part of its ongoing ‘Hum Adani Ke Hain Kaun’ series of questions, asked why the stocks of five more Adani Group companies had been added to the National Stock Exchange index despite their crash in the stock market. “Even as the leading market index providers MSCI, S&P Dow Jones and FTSE Russell review …

Adding Adani firms in 14 NSE indices raises worry
1 year, 9 months ago

Adding Adani firms in 14 NSE indices raises worry

The Hindu  

Financial experts have sought an urgent intervention by the National Stock Exchange board and market regulator SEBI to review an NSE subsidiary’s move to include five Adani group firms in 14 Nifty indices, which would drive lakhs of investors’ savings into the group’s sinking stocks from March 31. NSE Indices’ move has raised concerns amid the continuing meltdown in Adani …

Month after Hindenburg’s bombshell report, Adani loses over ₹12 lakh cr m-cap
1 year, 10 months ago

Month after Hindenburg’s bombshell report, Adani loses over ₹12 lakh cr m-cap

Live Mint  

A month after Hindeburg's bombshell report, Adani Group has lost over ₹12 lakh crore market value on Friday. On January 24, 2023, the Adani Group held the alpha seat on stock exchanges with a market valuation of over ₹19 lakh crore, outrunning Mukesh Ambani's Reliance and Ratan Tata's TCS. As per Shah, the peak level of Adani Group's market cap …

MSCI’s India stock gauge heads for correction amid Adani selloff
1 year, 10 months ago

MSCI’s India stock gauge heads for correction amid Adani selloff

Live Mint  

The MSCI India Index slid as much as 1.7%, taking its losses from a Dec. 1 peak to more than 10%. A broad risk-off mood in Asian markets ahead of the minutes of the US Federal Reserve’s latest meeting also contributed to negative sentiment. “There is little bit of renewed pressure since interest rates will likely stay elevated longer than …

Adani Group stocks post worst day in two weeks as investors lose ₹51,294 crore
1 year, 10 months ago

Adani Group stocks post worst day in two weeks as investors lose ₹51,294 crore

Live Mint  

The Adani Group stocks got an eye-opening jolt on Wednesday that saw destruction of ₹51,294.04 crore of investor wealth. All the Adani Group's 10 listed firms have together lost ₹11,62,030.29 crore in market valuation as selling pressure intensified. Four other Adani Group stocks – Adani Transmission, Adani Total Gas, Adani Wilmar, and Adani Green – were locked in their 5% …

GUEST COLUMN | End of a roll: The curious rise and fall of Adani stocks
1 year, 10 months ago

GUEST COLUMN | End of a roll: The curious rise and fall of Adani stocks

The Hindu  

Published : Feb 22, 2023 15:12 IST The stock markets are a delicate creature, needing careful nurture and care. For the last eight years at least, the Adani group has been India’s most storied business conglomerate, with a near-miraculous growth in market values. The bull market in Adani shares soon got woven into the India growth story. India’s stock market …

Adani isn’t India, but its troubles mirror the nation’s woes
1 year, 10 months ago

Adani isn’t India, but its troubles mirror the nation’s woes

Live Mint  

A New York short seller has forced India to stare at a reflection of its long-simmering frustration with shabby, inadequate infrastructure and its impatient urge to fill the gaps overnight. The target of Hindenburg Research’s attack is the Adani Group, which aggressively marshaled capital from around the world into India’s unmet aspirations. But even those who refuse to equate Adani …

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