28 Nov 2023 , 02:59 PM
Adani Group’s market value increases by over $15 billion; stocks rally up to 20% on November 28 after Supreme Court reserves order on probe. Adani Total Gas leads with a 19.62% rally, reaching Rs 642 on NSE; trades way above average volume.
Adani Energy Solutions surges 13% to Rs 824.50 on NSE; Adani Green Energy and Adani Power see 8% and 7% rallies, respectively.
Adani Wilmar zooms 6% to Rs 338.50; Adani Enterprises climbs 6% to Rs 2,370; Adani Ports gains around 3% to Rs 826.00 on NSE.
Other Adani Group firms also show positive momentum: NDTV shares up over 5%, Ambuja Cements over 3%, and ACC over 2%.
Supreme Court reserves order, emphasizing the need to hear impacted entities and test the veracity of the Hindenburg report.
Hindenburg, a US short-seller, made allegations against the Adani Group in January. SC finds it improper to appoint an SIT without evidence of SEBI lapses; SEBI directed to probe the allegations made by Hindenburg.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
Invest wise with Expert advice
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.