Shares of Adani group companies were in focus on Tueday as they rallied up to 20 per cent on the BSE in Tuesday’s intraday trade on the back of heavy volumes after the Supreme Court, on Friday, reserved its order in the Adani-Hindenburg case, and indicated that it might pass some more directions to the Securities and Exchange Board of India (Sebi).
Meanwhile, Sebi told the court it would not seek an extension to complete its investigation of the matter. The expert committee, in its interim report in May, said it saw “no evident pattern of manipulation” in the Adani firms, and there was no regulatory failure.
