Adani Share Prices

Stocks of Adani Group companies outperformed today as the benchmark equity indices Sensex and Nifty climbed over 2 per cent to settle at record closing high levels.

Industrialist Gautam Adani's fortune has hit $100 billion again, a year after his group's share prices saw an unprecedented rout sparked by Hindenburg Research's market manipulation charges. Adani Group now stands cleared of all charges.

Adani Group stocks touched a meteoric high today, rising up to 20 per cent, after news agency Bloomberg reported that a US government agency found short seller Hindenburg Research's allegations against the Adani Group "irrelevant".

Adani Group's total market capitalisation surpassed the Rs 11 trillion mark on Friday, underpinned by consistent value buying from both domestic and international investors.

The board of Adani Enterprises Ltd will meet on Saturday to consider and approve a fund-raising proposal, the company said in an exchange filing on Wednesday.

Four firms under the embattled Adani Group saw their share prices surge today after global investor GQG Partners Inc bought stakes for $1.87 billion, allaying concern about Adani's ability to attract funds.

The Supreme Court today agreed to hear on February 17 a fresh petition of a Congress leader seeking an investigation supervised by a judge against the Adani group after allegations made by the US-based Hindenburg Research.

S&P Global Ratings on Tuesday said there will not be any significant direct financial spillover risks because of the problems being faced by the Adani group, though there can be some secondary impact such as banks undertaking extra due diligence while giving loans to corporates.

The stock of Adani Enterprises plummeted 20 per cent to Rs 1,834.90 apiece - its lower price band on the BSE.

Shares of most of the Adani Group companies ended higher on Wednesday, with the flagship company Adani Enterprises rallying nearly 20 per cent.

Former cricketer Virender Sehwag has described the turmoil in India's capital markets as a "hit job" by the West in a widely-shared tweet.

The capital markets regulator Securities and Exchange Board of India (SEBI) has said it has observed "unusual price movement in stocks of a business conglomerate" in the past week amid the Adani stocks rout.

The Reserve Bank of India today said the country's banking system remains resilient and stable, amid concerns about the exposure of lenders to Adani group companies.

Shareholders and customers of state-run Life Insurance Corp (LIC) should not be concerned about its exposure to Adani group, as the insurer is a diversified long-term investor in the market, a top government official told Reuters.

The stock market turmoil created by rout in Adani group shares is a "storm in a tea cup" from a macroeconomic point of view, finance secretary TV Somanathan said on Friday, emphasing that India's public financial system is robust.

Stocks of Adani Group companies outperformed today as the benchmark equity indices Sensex and Nifty climbed over 2 per cent to settle at record closing high levels.

Industrialist Gautam Adani's fortune has hit $100 billion again, a year after his group's share prices saw an unprecedented rout sparked by Hindenburg Research's market manipulation charges. Adani Group now stands cleared of all charges.

Adani Group stocks touched a meteoric high today, rising up to 20 per cent, after news agency Bloomberg reported that a US government agency found short seller Hindenburg Research's allegations against the Adani Group "irrelevant".

Adani Group's total market capitalisation surpassed the Rs 11 trillion mark on Friday, underpinned by consistent value buying from both domestic and international investors.

The board of Adani Enterprises Ltd will meet on Saturday to consider and approve a fund-raising proposal, the company said in an exchange filing on Wednesday.

Four firms under the embattled Adani Group saw their share prices surge today after global investor GQG Partners Inc bought stakes for $1.87 billion, allaying concern about Adani's ability to attract funds.

The Supreme Court today agreed to hear on February 17 a fresh petition of a Congress leader seeking an investigation supervised by a judge against the Adani group after allegations made by the US-based Hindenburg Research.

S&P Global Ratings on Tuesday said there will not be any significant direct financial spillover risks because of the problems being faced by the Adani group, though there can be some secondary impact such as banks undertaking extra due diligence while giving loans to corporates.

The stock of Adani Enterprises plummeted 20 per cent to Rs 1,834.90 apiece - its lower price band on the BSE.

Shares of most of the Adani Group companies ended higher on Wednesday, with the flagship company Adani Enterprises rallying nearly 20 per cent.

Former cricketer Virender Sehwag has described the turmoil in India's capital markets as a "hit job" by the West in a widely-shared tweet.

The capital markets regulator Securities and Exchange Board of India (SEBI) has said it has observed "unusual price movement in stocks of a business conglomerate" in the past week amid the Adani stocks rout.

The Reserve Bank of India today said the country's banking system remains resilient and stable, amid concerns about the exposure of lenders to Adani group companies.

Shareholders and customers of state-run Life Insurance Corp (LIC) should not be concerned about its exposure to Adani group, as the insurer is a diversified long-term investor in the market, a top government official told Reuters.

The stock market turmoil created by rout in Adani group shares is a "storm in a tea cup" from a macroeconomic point of view, finance secretary TV Somanathan said on Friday, emphasing that India's public financial system is robust.