MUMBAI: On a day when the sensex recorded the second biggest loss in market capitalisation, Adani stocks witnessed the group’s biggest single-session wealth erosion of Rs 1.1 lakh crore last seen on Feb 2, 2023, a week after the US-based short-seller Hindenburg published its report on the conglomerate. At the close of Wednesday’s trading, the…
NEW DELHI: All Adani group stocks on Wednesday witnessed a significant surge following the Supreme Court verdict in the Gautam Adani-Hindenburg short selling case. The Adani group shares defied a weak trend in the broader equity market. Adani Energy Solutions zoomed 17.83%, NDTV jumped 11.39%, Adani Total Gas climbed 9.99%, Adani Green Energy soared 9.13%…
Investors in Adani stocks received a setback in 2023 as the conglomerate’s market capitalization fell by approximately Rs 6 lakh crore due to the Hindenburg controversy. The combined market value of all 10 listed Adani companies, which was Rs 19.6 lakh crore at the end of 2022, has now declined to Rs 13.6 lakh crore.According…
