Adani Power to Adani Enterprises: Adani Group shares zoom after Gautam Adani's speech at AGM 2023

livemint.com:

Republic Day 2023. While speaking at the Adani Group AGM 2023, the Indian billionaire said that Hindenburg Research report was a combination of targeted misinformation and discredited allegations, the majority of them dating from 2004 to 2015.  After this strong counter attack by Gautam Adani against the US-based short seller, Adani group shares witnessed huge buying interest during early morning deals on Tuesday.

Adani group flagship company Adani Enterprises share price opened upside and went on to hit intraday high of ₹2,510 apiece on NSE, logging around 4.25 per cent rise within few minutes of Gautam Adani's AGM speech. Adani Power share price bounced back from its intraday low of ₹242.80 per share on NSE and went on to hit intraday high of ₹254.45 apiece on NSE.  Shares of Adani Green Energy Ltd opened with an upside gap and logged more than 3 per cent intraday gain during morning session on Tuesday.

Adani Transmission shares too ascended around 3 per cent during Gautam Adani's speech at Adani Group AGM 2023. Shares of other Adani group companies too witnessed upside movement as all ten Adani share price was in green zone after the completion of Gautam Adani's speech.

While speaking at Adani Group AGM 2023, Chairman Gautam Adani said, “Hindenburg Research report was a combination of targeted misinformation and discredited allegations, the majority of them dating from 2004 to 2015. They were all settled by the appropriate authorities at that time.