A panel has been constituted by the Supreme Court to investigate the allegations made by Hindenburg on the Adani Group. The panel has recently made a statement in the country’s highest court, after which the shares saw a boom. (file photo)
Relief news came for Adani Group. On behalf of the Expert Committee, the Supreme Court was told that no conclusion can be drawn at the moment on the failure of the regulator on the allegations of manipulation of the prices of shares. After this, there was a boom in the shares of Adani Group.
After this statement of the expert committee, there was a spurt in the shares of Adani Group. From Adani Wilmar to Ambuja Cement, the bullish trend was seen in the Friday session.
Adani Group shares rise
In the last trading session, Adani Wilmar was 6.85 percent, Adani Power was 4.93 percent, Adani Transmission was 4.62 percent, Adani Green Energy was 4.18 percent, Adani Enterprises and Adani Port 3.65 percent, NDTV was 3.53 percent, Adani Total Gas 3.05 percent and Ambuja Cement 1.20 percent and ACC shares closed with a gain of one percent.
What did the expert say?
At the end of January, the Adani Group was accused of manipulating the price of shares by the American short seller firm Hindenburg, after which a downward trend was seen in all the shares of the group and the value of all the shares of the group was 50 percent. had fallen till All the allegations of Hindenburg have been rejected by the Adani Group. It was also said that this report has been brought to harm the group.
After this, the Rs 20,000 crore IPO of the group’s flagship company Adani Enterprises was also canceled.
