Adani Stocks: Adani Group shares rose by Rs 75,744.71 crore in intraday.New Delhi:
Adani Group Stocks: After a long weekend, Adani Group shares are trading with a tremendous rise, Adani Total Gas is trading at 14% and Adani Energy Solutions is trading with the highest gain of about 11%. Adani Power, Adani Green Energy are trading with a strength of more than 6%. At the same time, Adani Wilmar and NDTV also have a strength of more than 4%.
The overall market cap of
Adani Group shares has crossed Rs 11 lakh crore. Shares of Adani Group soared by Rs 11,75.744 crore to a high of Rs 71,11,02 crore in intra-day trade.
Why is group shares booming?
This surge in Adani Group shares is being seen after the hearing of the Adani-Hindenburg case in the Supreme Court last week. On Friday, the Supreme Court heard a contempt petition against SEBI alleging that it did not complete the investigation into the manipulation of shares on time.
It also questioned the members of the committee appointed by the Supreme Court and termed their appointments as a conflict of interest. The Supreme Court questioned these allegations of the petitioner. "It is unfair that a lawyer for Adani Group appeared in 2006 and you are accusing him in 2023. The CJI further said that a lawyer appearing for an accused in this manner can never become a judge again.
During this hearing, the Supreme Court expressed its disagreement with many arguments of Prashant Bhushan and said that we cannot expect a constitutional body (SEBI) to accept the news published in the newspaper as true. The SC said that the allegations in the Hindenburg report should not be considered true, because they are not in front of us.
The Supreme Court concluded the hearing on the matter on Friday and has reserved its decision.
(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)