Adani Group stocks rise post SC panel report; here’s why D-Street bulls are dancing

MUMBAI – Shares of most Adani Group companies rose in trade today after the Supreme Court released the investigation report submitted by the panel on the Hindenburg case.

The initial investigation hasn’t yet found any evidence of wrongdoing by the Group. Further, the panel said currently it cannot be concluded that there has been a regulatory failure on the part of SEBI on the allegation of price manipulation in the Hindenburg report.

The panel report said it’s too early to conclude whether share price manipulations took place in Adani stocks.