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Adani group continues to face stock rout

Adani group continues to face stock rout

on 4 Feb 2023 , Concise by Arpita,

The Adani group continues to face a brutal stock rout. This is an indication that Adani needs to build confidence in his financial health. Earlier he was accused in a stellar seller report which had brought his market value down. Ten stocks of this group ha fell 10% which resulte in almost 50% plunge.

Stock Exchanges placed 3 Adani Group Formed

Stock Exchanges placed 3 Adani Group Formed

on 4 Feb 2023 , Concise by Nupursharma,

On Wednesday, India's leading stock exchanges, the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), placed three Adani Group firms under short-term surveillance as their shares rose sharply in the last few trading sessions. The three firms that were placed under surveillance are Adani Enterprises, Adani Total Gas, and Adani Power. The exchanges have asked the companies to submit a response to queries raised by them on the sudden rise in share prices. The exchanges said that

Australian regulator to review Hindenburg report on Adani group

Australian regulator to review Hindenburg report on Adani group

on 1 Feb 2023 , Concise by Arpita,

A few days ago Hindenburg Research had shown concerns about Gautam Adani's group that triggered $65 billion in Indian stocks. To this Adani replied that it was a "calculated attack" on inia and also made the comparison of this with a colonial-era massacre. Australian corporate regulator will review this report regarding Aani.

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