: Adani Group has suffered huge losses due to the sensational report of Hindenburg Research, an American research firm. Even after the report came out, the share prices of Adani Group companies also fell. In such a situation, various questions have been raised by the Adani Group in view of this report. They also said that Hindenburg published such negative reports for personal gain.
Meanwhile, since this incident, Adani Group has also become active in damage control. Already they have pre-paid the loan quickly. Besides, the company also assured the investors that they are not short of funds. Adani Group Chairman Gautam Adani himself said that Adani Group shares are currently experiencing ups and downs.
In such a situation, his eyes are now on expanding the business. Also, Adani Group is also trying to gain investor confidence. Meanwhile, after such efforts, the share price has also started to be affected. Shares of Adani group companies also rose for the second consecutive trading day. Basically, every share except Adani Total’s share has seen growth.
Adani Shares Up: Shares of Adani’s flagship company Adani Enterprises opened higher today. Also, shares of Adani ADANIENT opened at Rs 1,826.00 with a gain of +2.67 percent. Shares of Adani Ports and Special Economic Zones made the fastest return of +2.34 per cent to trade at Rs 582.55.
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Meanwhile, shares of Adani Power gained 4.97 percent to trade at Rs 147.90. Shares of Adani Transmission Ltd rose 2 percent to open at Rs 1,037.40. Meanwhile, shares of Adani Green Energy Ltd are trading at Rs 642.10, up 3.44 percent. Shares of Adani Wilmar Ltd rose 4.46 percent to Tk 414.95. Also, shares of cement company ACC rose nearly 1 percent to over Rs 1,869. Also, shares of Ambuj Cement reached Rs 347.65. On the other hand, NDTV shares rose 4.84 percent to Rs 206.75.