Adani Group Stocks Rebound Up to 2.8% After Previous Day's Dip

10 Oct 2023 , 12:34 PM

All 10 Adani group stocks rebounded on October 10, recovering from the previous day losses. Adani Enterprises, Adani Total Gas, and Adani Wilmar saw gains of up to 1.7%, while Adani Power and Adani Ports surged over 2%. Other Adani group stocks, including Adani Energy Solutions, ACC, Ambuja Cement, and NDTV, also traded higher.

Adani Group responded to a proposed story by a leading UK newspaper, labeling it a ‘malicious campaign to tarnish its global reputation’ and stating that the newspaper had been revisiting old and unsubstantiated allegations.

The statement coincided with an upcoming Supreme Court hearing regarding SEBI’s investigation into financial fraud and stock manipulation allegations against the Adani Group. Adani Enterprises has experienced a 35.25% decline year-to-date, underperforming the Nifty, which has risen over 7% during the same period.

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