INSUBCONTINENT EXCLUSIVE:
MUMBAI: After plummeting practically unabated for more than a month, eight of 10 Adani Group shares made a strong healing on Tuesday with
the flagship Adani Enterprises rallying over 14%
Just two stocks - Adani Total Gas and Adani Transmission - closed lower, locked at the 5% circuit, BSE information showed.The days rally
added a little over Rs 30,000 crore to the groups combined market capitalisation, or about 4.4%, its finest day in terms of addition to its
market value considering that February 8, BSE information looked at by TOI showed
At the close of trade, the groups total market cap was Rs 7.1 lakh crore
All the 10 stocks within the Gujarat-headquartered ports-to-FMCG corporation have been losing their worth considering that January 25, a day
after US-based short-seller Hindenburg Research published a detailed report alleging stock manipulation, accounting scams and corporate
Although Adani Group rejected all allegations in the report, the hammering of its stocks on the bourses has actually been almost relentless
On a point-to-point basis, the total loss in market value has been Rs 12.1 lakh crore, translating into about $146 billion
The gain in Adani stock costs came a day after the groups top officials made discussions to a host of worldwide investors in Hong Kong
The group is scheduled to satisfy institutional financiers from across the globe over three days ending Wednesday, attempting to lighten
them that the claims made by Hindenburg were inaccurate and will not have any effect on its business
LIC reverses slide, up 2%The stock price of life insurance major LIC that was under pressure for its exposure to Adani Groups stocks, on
Tuesday closed 1.9% higher as most of the stocks from the Gujarat-based conglomerate rallied in spite of a weak market
On Monday, LIC had actually touched an all-time low level at Rs 566
On Tuesday it closed at Rs 578.
