In the beginning of 2023, a report by Hindenburg Research had dealt a big blow to Indian industrialist Gautam Adani. An American short-seller had made several serious allegations against the Adani Group, including manipulating stock prices, which led to a decline in the stock and a significant drop in the prices of 10 listed companies in the market. However, Gautam Adani has been making headlines again in recent days, as the shares of his companies have skyrocketed. But the growth has not been the same as before, and there are some major reasons behind it that have positively influenced investor sentiment. In the past 48 hours, Gautam Adani has received four positive news, including a major news from the United States. Adani Power shares are currently trading at Rs 563.35 with a 0.87% increase on Thursday, December 7, 2023. Adani shares took a leap as the results of the assembly elections in five states were announced, causing a frenzy in the market, and especially the shares of the Adani Group experienced a remarkable surge. Adani Group’s parent company, Adani Enterprises, saw its share rise by 17.03% or Rs 430.80 to close at Rs 2,960.10. Adani Ports’ share rose by 15.15% or Rs 133.10 to reach Rs 1,011.85, Adani Power’s share rose by 15.91% or Rs 73.90 to reach Rs 538.50, Adani Energy’s share rose by 20% or Rs 180.40 to reach Rs 1,082.60. Adani Green’s share rose by 20% or Rs 224.65 to reach Rs 1,348, while Adani Total’s share rose by 19.95% or Rs 146.05 to reach Rs 878.20, and Adani Wilmar’s share rose by 9.93% or Rs 34.40 to reach Rs 380.70.
According to a recent story published by Bloomberg, the US-based International Development Finance Corporation conducted an investigation into the Hindenburg report before approving a loan of INR 4,600 crore to the Adani Group. Adani’s shares fell by 85% during the Hindenburg tsunami, and now several claims are being made in favor of the report. A few days ago, the Supreme Court also clearly stated that the Hindenburg report cannot be considered completely true, while now even the US has acknowledged that the report is not relevant. Adani Group’s shares saw a strong surge on Tuesday. Adani Group’s parent company, Adani Enterprises, closed at Rs 2,960.10, up 17.03% or Rs 430.80. Adani Ports’ share closed at Rs 1,011.85, up 15.15% or Rs 133.10, Adani Power’s share closed at Rs 538.50, up 15.91% or Rs 73.90, Adani Energy’s share closed at Rs 1,082.60, up 20% or Rs 180.40. Adani Green’s share closed at Rs 1,348, up 20% or Rs 224.65, while Adani Total’s share closed at Rs 878.20, up 19.95% or Rs 146.05, and Adani Wilmar’s share closed at Rs 380.70, up 9.93% or Rs 34.40.
★Adani Power’s share price on 7th December 2023 is trading at ₹563.35 with a growth of 0.87%.
★Adani Group’s shares have seen a significant jump in the past few days, but the growth is not as strong as before.
★The surge in Adani’s shares is attributed to positive news and investor sentiment.
★In the last 48 hours, there have been four positive news stories related to Gautam Adani, including a major announcement from the US.
★Share prices of Adani Group reached a record high on consecutive days, with investors earning ₹1 lakh crore in a single day.
★The Bharatiya Janata Party’s victory in state assembly elections had a positive impact on the Indian stock market, with both BSE Sensex and Nifty-50 reaching record highs.
★Hindenburg Research’s report had caused a significant drop in Adani’s shares, but recent reports have increased investor confidence.
★The International Development Finance Corporation from the US conducted a clean investigation before approving a loan of ₹4,600 crore to the Adani Group.
★Adani’s shares had dropped by 85% during the Hindenburg tsunami, but now there are several claims in favor of the company regarding the report.
★The Supreme Court had also stated that the Hindenburg report cannot be considered entirely true, and now even the US has recognized that the report is not relevant.
★Adani Enterprises, the parent company of the Adani Group, saw a significant rise in share price, closing at ₹2,960.10 with a 17.03% jump.
★Adani Port’s share price increased by 15.15% to ₹1,011.85, Adani Power increased by 15.91% to ₹538.50, Adani Energy increased by 20% to ₹1,082.60, Adani Green increased by 20% to ₹1,348, Adani Total increased by 19.95% to ₹878.20, and Adani Wilmar increased by 9.93% to ₹380.70.
People Can Find This Information Useful for: Adani Power, share price, Hidenburg Research, Gautam Adani, short-seller, allegations, stock price, market, listed companies, growth, investors, positive news, Bloomberg, International Development Finance Corporation, loan approval, Supreme Court, Adani Enterprises, Adani Ports, Adani Energy, Adani Green, Adani Total, Adani Wilmar
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