Adani stocks rally upto 13%, add Rs 63,285 crore
Mumbai: Adani Group stocks were among the top gainers in Tuesday’s trade, extending their winning run to the third straight day, as the Supreme Court-appointed panel’s report continued to fuel investor optimism. The Gautam Adani-controlled industrial house’s shares gained between 0.25% and 13 % on Tuesday, lifting the group’s total market value by ₹63,285 crore to ₹10.79 lakh crore.
The committee’s report released on Friday said it had not found ‘regulatory failure’ on allegations of price manipulation in the conglomerate’s stocks and violation of minimum public shareholding rules. Since the report has been made public, Adani group stocks have run up between 6% and 40%, helping the group companies recoup ₹1.78 lakh crore in market value.
