MUMBAI: Stocks of companies belonging to the Adani group rallied as much as 10% in Thursday’s market on the back of news that Hindenburg Research will close down. Nearly two-years to the day, the US-based short-seller had brought a massive crash in Adani group’s stocks after it published a 110-page report alleging several corporate malfeasances…
Adani Group stocks rallied after the US investment firm Hindenburg Research announced its closure. Hindenburg shuts down: Adani Group shares experienced significant gains of up to 9% on Thursday, January 16, with Adani Power leading the surge at Rs 599.90 on BSE. Adani Green Energy saw an 8.8% increase to Rs 1,126.80, whilst Adani Enterprises…
Legal experts suggest that Gautam Adani has substantial grounds to contest charges. Adani Group stocks today: Adani Group stocks rose up to 7% on Monday, with investors showing confidence that Gautam Adani and others facing US charges of bribery, securities fraud, and wire fraud have substantial grounds to contest the indictment.Adani Enterprises shares increased 4%…
The United States Department of Justice (DoJ) has filed charges against industrialist Gautam Adani. Days after the US indictment of Gautam Adani and other individuals, Adani Group CFO Jugeshinder Singh has said that the bribery indictment pertains to a single contract at Adani Green Energy. According to a Reuters report, the Adani Group CFO said…
Market experts have differing views on Adani shares’ future. Adani Group stocks: The market capitalisation of Adani Group stocks plunged by Rs 2.24 lakh crore, equivalent to $26 billion, following accusations by US authorities against Gautam Adani, his companies and executives regarding bribery and fraud on Thursday.The US Department of Justice‘s (DoJ) allegations against the…
Adani Group stocks latest news: Following allegations against Sebi chief Madhabi Buch in the Adani vs Hindenburg controversy, shares of Adani Group companies experienced a decline of up to 7% on Monday morning, as many investors opted for a cautious approach. Consequently, investors suffered a loss of approximately Rs 53,000 crore, with the combined market…
Adani Group Stock Prices today: On Monday, the shares of Gautam Adani‘s multi-billion dollar conglomerate experienced a significant rally, with gains reaching up to 16%. This surge followed the unanimous predictions by exit polls that Prime Minister Narendra Modi will secure a record victory in the Lok Sabha election results on Tuesday.The cumulative market capitalization…
