Adani group stocks significantly recovered, surging by up to 6% in Wednesday’s trade after experiencing a sharp decline of as much as 15% in early trading. ACC, Ambuja Cement, Adani Green Energy, and Adani Ports surged between 3-6%. In early Wednesday trade, Adani Energy Solutions declined 15%, while Adani Power fell 12%. Adani Enterprises, Adani … Read more
Cement maker ACC on Thursday announced a standalone net profit of Rs 384.29 crore for the quarter ended September 30, 2023, versus a loss of Rs 91.09 crore posted by the company in the corresponding quarter of the last financial year. However, on a quarter-on-quarter (QoQ) basis, the Adani Group company reported a 17% decline … Read more
and , the companies that recently came under Adani Group’s stable, saw heavy sell-off on Friday as traders dumped the entire group amid concerns over corporate misgovernance and stock manipulation allegations made by US-based short-seller and research firm Hindenburg Research. ACC shares tumbled 20% to a 21-month low of Rs 1,732.60 on the NSE, while … Read more