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Adani Group stocks market-cap surges close to ₹14-lakh crore

Despite a significant increase in shares after the Supreme Court remarks on the Hindenburg case and the BJPu2019s victories in three states, the market value of Adani Group is still around 23% lower than its previous high of approximately Rs. 20 lakh crore, which was achieved before the publication of the Hindenburg report Adani on January 24.

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Adani Group stocks market-cap surges close to ₹14-lakh crore

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  1. Adani Group stocks market-cap surges close to ₹14-lakh crore

  2. Despite a significant increase in shares after the Supreme Court remarks on the Hindenburg case and the BJP’s victories in three states, the market value of Adani Group is still around 23% lower than its previous high of approximately Rs. 20 lakh crore, which was achieved before the publication of the Hindenburg report Adani on January 24. Both Adani Power Ltd. and Adani Ports SEZ have been untouched since the Hindenburg accusations. Actually, there has been an increase of 37% and a rise of 107% in both. These stocks saw a significant gain of 13% and 200% in 2022, respectively.

  3. Increase in Adani Group Equities Adani Group’s market worth reached Rs. 14.8 lakh billion, a 46% gain from November, resulted from a 47% increase in Adani Group equities. Investor confidence was strengthened after the US administration dismissed the Hindenburg report Adani and India’s Supreme Court refuted the claims mentioned in the report, which contributed to this spike.

  4. Growing Infrastructure Sector Concerning the public interest cases filed against SEBI in response to the Hindenburg report Adani claims, the Supreme Court postponed a decision on November 24. Chief Justice DY Chandrachud’s emphasized not to take Hindenburg at its word. The Adani Group argues that the study is biased because it uses previously established data to perpetuate false claims in a “selective and manipulative” way.

  5. Increase in Wealth Chairman Gautam Adani’s wealth increased by more than $10 billion due to the jump in Adani Group equities; his fortune now exceeds $70 billion, as the Bloomberg Billionaires Index reported. Thanks to this, he shot up the ranks of the world’s wealthiest people to number sixteen. Tuesday (December 5, 23) was the highest single-day market performance for Adani Group equities, as their total market capitalization increased by Rs. 1.93 lakh crore.

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