The committee's report released on Friday said it had not found 'regulatory failure' on allegations of price manipulation in the conglomerate's stocks and violation of minimum public shareholding rules. Since the report has been made public, Adani...
By ET Bureau | Updated:
Agencies
Since the report has been made public, Adani group stocks have run up between 6% and 40%, helping the group companies recoup ₹1.78 lakh crore in market value.
Mumbai: Adani Group stocks were among the top gainers in Tuesday's trade, extending their winning run to the third straight day, as the Supreme Court-appointed panel's report continued to fuel investor optimism. The Gautam Adani-controlled industrial house's shares gained between 0.25% and 13 % on Tuesday, lifting the group's total market value by ₹63,285 crore to ₹10.79 lakh crore.
The committee's report released on Friday said it had not found 'regulatory failure' on allegations of price manipulation in the conglomerate's stocks and violation of minimum public shareholding rules. Since the report has been made public, Adani group stocks have run up between 6% and 40%, helping the group companies recoup ₹1.78 lakh crore in market value. The Adani Group's market capitalisation, however, is still down ₹8.40 lakh crore since January 24, when US-based short-seller Hindenburg Research released a report accusing the ports-to-power conglomerate of 'fraudulent' transactions and share price 'manipulation' that triggered a sharp sell-off in its stocks.
