Suspense Crime Sach Ka Dam
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New Delhi : There is news of relief for Adani Group. On behalf of the committee of experts, the Supreme Court was told that at present no conclusion can be drawn on the failure of the regulator on the allegations of manipulation of share prices. After this, there was a boom in the shares of Adani Group.
After this statement of the Committee of Experts, there was a jump in the shares of Adani Group. From Adani Wilmar to Ambuja Cement, gains were seen in Friday’s session.
Adani Group shares rose
In the last trading session, Adani Wilmar gained 6.85 per cent, Adani Power 4.93 per cent, Adani Transmission 4.62 per cent, Adani Green Energy 4.18 per cent, Adani Enterprises and Adani Port 3.65 per cent, NDTV 3.53 per cent, Adani Total Gas 3.05 per cent and Ambuja Cement 1.20 per cent. And 1 share of ACC closed up one percent.
What did the expert say?
The expert panel in the Supreme Court had said that as per the data provided by SEBI, it could not be concluded that there was a failure of the regulator in the allegation of manipulation of share prices. After this comment of the expert panel, there was a jump in the shares of Adani Group.
Hindenburg accused
In late January, the Adani group was accused of stock price manipulation by American short-seller firm Hindenburg, following which all of the group’s shares were devalued and the group’s share price plummeted. Hindenburg’s allegation has been rejected by the Adani group. It was also said that this report was brought to harm the group.
After this, the Rs 20,000 crore IPO of Adani Enterprises, the flagship company of the group, was also cancelled.
