Stocks of most companies in the Gautam Adani-led Adani Group jumped on Tuesday, with shares breaking their downward trend. Everyone is seeing rapid growth, from Adani Wilmar to Adani Transmission.
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Since the stock market opened, the price of Adani Enterprises’ stock has increased by a startling 20%. Following the release of the group report by the American research firm Hindenburg on January 24, 2023, these shares saw a decrease.
Shares of Adani have risen dramatically. Let’s start by discussing the increase in shares of Gautam Adani’s enterprises, Adani Wilmar Ltd, which rose 4.99 percent to Rs 398.90 as of the news’ publication time at 01:12 am. However, Adani Transmission Ltd was up 5% and traded at a level of Rs 1,319.25.
The decline came from Hindenburg’s report
Let us inform you that there was a sharp decrease in the price of Adani Group shares following the release of the report by the American research firm Hindenburg. The shares of the Adani Group decreased by 66 percent as a result of this report. Along with this, the group’s market valuation declined by $ 117 billion, and on Monday, Gautam Adani fell from fourth to number 22 on the list of the world’s top billionaires.