Adanistockssee no impact of recent allegations
The Statesman|September 10, 2023
The total market capitalisation of Adani Group’s listed companies has clawed back to over Rs 11 lakh crore, after an initial knee-jerk reaction post reports by OCCRP, Financial Times and The Guardian.
Adanistockssee no impact of recent allegations

“It is an indication that the current prices factor in all the negatives and the market is ignoring all the incremental allegations. For the group as well as its investors, it could very well mean that the worst is over,” said experts.

The group’s market capitalisation has increased by 40 per cent in the past three months and the rally is being led by the four leading group stocks -- Adani Enterprises, Adani Ports, Adani Power and Adani Green Energy. Shares of all four companies have more than doubled from their lows.

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