Adani Group’s Shares Will Fly Again? The Move Of The Market Changed Due To The Statement Of The Expert Committee In The Supreme Court
Adani Group’s shares will fly again? The move of the market changed due to the statement of the expert committee in the Supreme Court. Relief news came for Adani Group.
On behalf of the Expert Committee, the Supreme Court was told that no conclusion can be drawn at the moment on the failure of the regulator on the allegations of manipulation of the prices of shares.
After this, there was a boom in the shares of Adani Group.
After this statement of the expert committee, there was a spurt in the shares of Adani Group. From Adani Wilmar to Ambuja Cement, the bullish trend was seen in the Friday session.
Adani Group shares rise.
In the last trading session, Adani Wilmar was 6.85 percent, Adani Power 4.93 percent, Adani Transmission was 4.62 percent, Adani Green Energy was 4.18 percent,
Adani Enterprises and Adani Port 3.65 percent, NDTV 3.53 percent, Adani Total Gas 3.05 percent, and Ambuja Cement 1.20 percent, and ACC shares closed with a gain of one percent.
Adani Group’s shares will fly again? What did the expert say?
On behalf of the expert panel in the Supreme Court, it was said that according to the data provided by SEBI at present, it cannot be concluded that there was a failure of the regulator on the allegations of manipulating the prices of shares.
After this comment from the expert panel, there was a spurt in the shares of Adani Group.
What was Hindenburg accused of?
At the end of January, the Adani Group was accused of manipulating the price of shares by the American short seller firm Hindenburg.
After the accusations downward trend was seen in all the shares of the group and the value of all the shares of the group was 50 percent.
All the allegations of Hindenburg have been rejected by the Adani Group. It was also said that this report has been brought to harm the group.
After this, the Rs 20,000 crore IPO of the group’s flagship company Adani Enterprises was also canceled.
