As selling abates, most Adani stocks recover
Financial Express Mumbai|February 01, 2023
SHARES OF A majority of Adani Group companies ended in the green on Tuesday, after a battering in the previous three trading sessions amid reports of fraud by US-based short seller Hindenburg Research.
As selling abates, most Adani stocks recover

Flagship Adani Enterprises,whose follow-on share offering managed to garner the required subscription, rose 3.4% to end at 2,975, aftera 4.2% gain on Monday. The stock was still below the floor price of 3,112 fixed forits 20,000-crore FPO.

Adani Transmission gained 3.7% on Tuesday, after losing nearly 38% in the previous three sessions. Ambuja Cements, ACC and Adani Green Energy posted gains of over 3% each.

Adani Total Gas slid another 10% after slipping 20% on Monday. Similarly, Adani Powerand AdaniWilmar continued their dismal run and were down 5% each, hitting the lower circuit, as in the previous session.

This story is from the February 01, 2023 edition of Financial Express Mumbai.

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This story is from the February 01, 2023 edition of Financial Express Mumbai.

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