Adani m-cap up 120% from post-Hindenburg low
Adani Group stocks got a shot in the arm on Wednesday, thanks to the Supreme Court’s favourable verdict on Hindenburg’s allegations. The group’s market cap rose by 11% or Rs 64 189 crore. The overall market capitalisation of the group stood at Rs 15.1 trillion, showing a recovery of Rs 8.3 trillion from the lowest level of February 27.
However, it is still some distance away from the pre-Hindenburg level. On January 23, 2023 — one day prior to Hindenburg report — the group m-cap was Rs 19.2 trillion ($236.5 billion).
