Unfazed by a steep fall seen in the Adani Group stocks and to make the most of the sharp decline in share prices, retail investors hiked stake in the all 9 listed group’s companies during the quarter ended March 2023.
The Adani Group added 22.89 lakh investors during the quarter, raising its total number of shareholders by 47 per cent from 48.19 lakh at the end of December 2022 to 71.08 lakh at the end of March 2023, data provided by the company shows. However, mutual funds continued to stay away from the Group in the fourth quarter.
