Hindenburg effect! Adani group stocks plunge up to 17%; AESL, AGEL, ATGL lead fall
The cumulative market capitalisation of 10 Adani Group stocks dropped by up to ₹55,000 crore to ₹16.5 lakh crore.
The cumulative market capitalisation of 10 Adani Group stocks dropped by up to ₹55,000 crore to ₹16.5 lakh crore.
Investors and partners, both domestic and international, must be rest assured that India's financial system is secure and transparent, says AMFI in a statement.
Responding to Hindenburg's latest allegations, the Gujarat-based conglomerate termed them as “malicious, “mischievous” and “manipulative”.
Hindenburg Research against whom SEBI has taken an Enforcement action and issued a show cause notice has chosen to attempt character assassination in response to the same, says Madhabi Puri Buch.
Apex court says there’s no “ground” to transfer the case to SIT; Gautam Adani says “truth has prevailed”
Emerging businesses — airports, green hydrogen ecosystem, integrated manufacturing & roads — contribute half to Adani Enterprises profits.
Adani group stocks, which have maintained an uptrend since last week following the Supreme Court's concluded hearings of the Adani-Hindenburg case, surged between 6-14% intraday.
Gautam Adani's comeback strategy has led to an 85% rise in group revenues in FY23, post the Hindenburg rout.
This is the second major allegation against billionaire Gautam Adani-led Adani Group after an adverse report by Hindenburg released in January this year.
Adani Power gained up to 3.9%, followed by Adani Enterprises and Adani Ports & SEZ, which climbed 2.5% each during the trade so far.