Adani Group stocks saw a strong recovery this morning after the statement punched a hole in the US indictment. The group had lost nearly $55 billion across its 11 listed firms since the US indictment.
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India's benchmark indices closed slightly higher on November 27 after a choppy trading session. Meanwhile, Adani Group stocks surged. The Sensex gained 230.02 points (0.29%) to close at 80,234.08, ...
Adani Group's stock has been put under the ASM framework due to its high volatility after the bribery charges.
While Bloomberg reported factually on the matter, Reuters report said that Adani board members had been named by US DoJ and summoned by the US SEC, which was completely speculative.
Gautam Adani and his aides have not been charged under the US Foreign Corrupt Practices Act, an Adani Group entity said.
The rally came despite global rating agency Moody’s on Tuesday downgrading its outlook for seven Adani Group entities, ...
Shares of ten Adani group stocks rose by 4.26% to 19.76% after Adani Green Energy clarified that key figures, including Gautam Adani and his associates, have not been charged with violations of the US ...
Shares of NDTV jumped 9.35 per cent, Adani Wilmar rallied 8.46 per cent, Adani Ports surged 6.29 per cent, Sanghi Industries ...
Benchmark BSE Sensex climbed 230 points in a volatile session on Wednesday following gains in Adani group stocks and foreign fund inflows. The 30-share index rose by 230.02 points or 0.29 per cent to ...