Adani stocks cool off after 3-day surge; save for three, rest shed 0.5-6%
The gains in Adani group stocks tapered off on Wednesday after a three-day surge. Three Adani stocks — New Delhi Television, Adani Transmission and Adani Total Gas-rose 5 per cent each, but the rest of the pack declined anywhere between 0.5 and 6 per cent.
Flagship Adani Enterprises (AEL) declined the most at 6 per cent after a three-day 40 per cent surge.
In the past three days, the Adani group saw a 20 per cent surge in market value following the Supreme Court-appointed panel’s report and US-based GQG Partners’s decision to hike its’s stake.
