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Its stock values have been continuously on the rise. The conglomerate was also able to recover from the controversies of Adani Stock Manipulation. This caused its business profitability to rise. It was also able to venture into new business horizons.
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WHAT CAUSED THE ADANI GROUP’S STOCK VALUES TO BE CONTINUOUSLY ON THE RISE?
The business group started small with the port business. However, very soon, it began to spread out its horizons and ultimately, it took the reputation of being one of the largest players in the renewable energy sector. Since then, the group has been able to achieve extraordinary success for itself. Its stock values have been continuously on the rise. The conglomerate was also able to recover from the controversies of Adani Stock Manipulation. This caused its business profitability to rise. It was also able to venture into new business horizons. Now you must be wondering what caused the Adani Group’s stock values to remain continuously on the rise. Well, there are quite a few reasons for the same:
GROWTH AND EXPANSION The Adani Group has always been keen on growing its business. Since its foundation, the business group has taken multiple steps which are further aimed at expanding its horizons. Although the group started with the port business, it began extending its boundaries soon. Within just a few years of its operations, the group was able to acquire control over multiple business sectors including ports, airports, renewable energy, data centres, and so on.
DEBT REDUCTION Even when the Adani Hindenburg crisis was ongoing and there were numerous controversies of Adani Stock Manipulation, the group took up extraordinary efforts to ensure that a consistent debt reduction strategy was maintained. This allowed the business group to win back the trust of the investors. It was also able to maintain a consistent cash flow through which it could carry out its various business operations.
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