Adani Power, Adani Ports to Adani Enterprises: Adani shares jump after Adani-Hindenburg case hearing in Supreme Court
Adabni-Hindenburg row: Adani group shares today witnessed sharp upside movement during morning deals. Adani Power shares today opened upside and went on to touch new all-time high of ₹428 apiece on NSE. Adani Ports share price today opened upside and went on to hit intraday high of ₹826 per share levels on NSE, logging near 4 per cent intraday gain against Friday close of ₹795.55 per share levels.
Flagship Adani group stock Adani Enterprises shares opened with an upside gap and touched intraday high of ₹2,374.90 apiece within few minutes of stock market's opening bell today. Adani Total share price today opened with uside gap at ₹550 per share levels and went on to hit intraday high of ₹642 apiece levels on NSE, ascending more than 15 per cent during Tuesday deals. Adani Energy Solutions share price ascended to the tune of over 13 per cent during morning deals.
Adani Green Energy sjhot up over 7.50 per cent in early morning session on Tuesday. Other Adani group stocks were also trading in positive territory during early morning session on Tuesday. According to stock market experts, Adani shares are rising after the Adani-Hindenburg case hearing in Supreme Court (SC) on Friday last week.
In that case, Supreme Court reserved its verdict in a batch of PILs seeking a Court-monitored investigation into the allegations made by US-based short-selling firm Hindenburg Research against the Adani group of companies regarding violations of stock market regulations. Speaking on the possible reason for sharp upside movement in Adani shares, Avinash Gorakshkar, Head of Research at Profitmart Securities said, "Adani shares are rising after the Supreme Court hearing on Adani-Hindenburg case. In its hearing on Friday Supreme Court made it
. Read more on livemint.com
