Adani stocks hold gains after SC orders committee to probe stock crash

NEW DELHI: Adani stocks today continued to rally for the third consecutive day after the Supreme Court ordered the formation of a committee headed by ex-judge AM Sapre to probe the recent stock crash in the wake of allegations made in Hindenburg report.

At least four Adani stocks – Adani Transmission, Adani Green, Adani Wilmar and Adani Power – were locked in their 5% upper circuit limits. The group’s flagship firm Adani Enterprises, which plunged 10% earlier in the morning was trading 1% higher. The Nifty stock had rallied 31% in the last 2 days.