Sunday, October 6, 2024
HomeFinanceAdani Group Stocks: Adani Port's stock recovers losses from Hindenburg, group's market...

Adani Group Stocks: Adani Port’s stock recovers losses from Hindenburg, group’s market cap on the verge of touching Rs 11 lakh crore

Adani Group Of Companies: All the stocks of Adani Group are running at a fast pace since the arrival of the Supreme Court Committee report. The market cap of the group has increased by Rs 2 lakh crore in 3 trading sessions.

Adani Group Stocks: After the Hindenburg Research report against the Adani group, the market cap of the companies listed in the stock market of the Adani group reached close to Rs 11 lakh crore for the first time due to the rise in the stock of the group released from the last three trading sessions. Is. The group’s shares have continued to rise ever since the report of the Supreme Court committee came out.

Market cap of the group Rs 10.80 lakh crore

Before the Hindenburg report came out on 24 January 2023, the market cap of Adani Group’s stocks was around Rs 19.50 lakh crore. After the report, Aundh fell face down to Rs 7 lakh crore. But after the release of the report of the Supreme Court Committee, Adani Group’s stocks continued to rise, with a jump of Rs 82,000 crore, from Rs 9.30 lakh crore to Rs 10.20 lakh crore on Monday. And on Tuesday the market cap of the group has reached Rs 10.83 lakh crore. In the last three trading sessions, there has been a jump of more than Rs 2 lakh crore in the market cap of the group.

Adani Ports stock made up for the loss

Adani Port and SEZ (Adani Ports and Special Economic Zone), the port company of Adani Group, has made up for the loss in the stock after the Hindenburg report came to the fore. The stock of Adani Ports is trading at Rs 746 with a gain of 2.23 per cent. All the 10 listed stocks of the group are up on Tuesday as well. The biggest boom continues to be seen in Adani Enterprises, the flagship company of the group. In today’s trading session too, the stock rose by 18.60 per cent to reach Rs 2759, which is currently trading at Rs 2637 with a rise of 13 per cent.

SEBI’s report will come by August 14

Before the arrival of Hindenburg’s report, the market cap of Adani Group’s stocks was Rs 19.50 lakh crore, which is now Rs 10.80 lakh crore. That is, still the group’s market is Rs 8.70 lakh crore away from its peak. Now only the report of the Supreme Court Committee has come. But by August 14, SEBI has to present its investigation report against the group before the court. In such a situation, the clouds of crisis have not completely dispersed from the group.

RELATED ARTICLES

Most Popular

Recent Comments