The International Development Finance Corporation (DFC), reportedly termed Hindenburg's allegations against the Gautam Adani-led ports-to-energy conglomerate as 'irrelevant.'
Adani group stocks, which have maintained an uptrend since last week following the Supreme Court's concluded hearings of the Adani-Hindenburg case, surged between 6-14% intraday.
Adani Total Gas shares touched its 20% upper circuit limit, while Adani Energy Solutions, Adani Power, Adani Enterprises, NDTV, Adani Green rose between 10-19%.
Adani Total Gas shares touched two-year low, while Adani Enterprises extends losing streak for the 9th straight session.
The promoter groups have raised a 2.06% stake in Adani Enterprises and 2.17% in Adani Ports & SEZ via open market transactions.
Barring Adani Enterprises, Adani Ports, ACC, and Ambuja Cements, shares of six listed Adani group stocks ended higher today.
SEBI submitted its 15-page “status report” before the Supreme Court on August 25, while the apex court is scheduled to hear the matter on August 29.
Kempas Trade and Investment, a promoter entity, acquired 2.53 crore shares of Adani Enterprises in the open market between August 7 and August 18.
The combined market capitalisation of Adani Group stocks touched ₹11.29 lakh crore on Monday, hitting six months high amid recent investments by Rajiv Jain-led GQG Partners.
Adani Enterprises topped the chart by falling over 5%, followed by Adani Ports, Adani Energy Solutions, Adani Power, Ambuja Cements, among others.
