Adani
Stocks
Raise, 10 Lakh Crores
Adani Group
All the Adani group stocks recorded their best rally since Hindenburg report
All 7 Adani stocks were in the green. Adani Ent was up over 18%, Adani Ports was up 6%
Stocks in green
M-cap of all Adani group stocks put together crossed ₹10 lakh crore - highest since Hindenburg report
Market- cap of Adani Stocks on May 22
M-cap of all Adani group stocks put together crossed ₹10 lakh crore - highest since Hindenburg report
What's fueling the rally?
SEBI said, it had not discovered any proof of 'wash trades' against Adani group scrips
SEBI on Adani
On Jan 24, Hindenburg claimed Adani group's involvement in stock manipulation and fraud
Hindenburg claim
After the report, Adani shares nosedived by 60% in January
Impact on Adani group
Hindenburg allegations on Adani were used by the Opposition to target BJP
Political slugfest