Adani Group m-cap hits pre-Hindenburg level

IANS

Updated At : 01:02 PM Jun 04, 2024 IST

Unlock Exclusive Insights with The Tribune Premium

Take your experience further with Premium access. Thought-provoking Opinions, Expert Analysis, In-depth Insights and other Member Only Benefits

Yearly Premium ₹999 ₹349/Year

Yearly Premium $49 $24.99/Year

New Delhi, June 3

Riding on two big rallies on the Indian indices, the Adani Group has regained its total market capitalisation after it was hit by a short-seller report in late FY23.

Reliance shares jump
Shares of Reliance Industries Ltd on Monday jumped nearly 6 per cent to hit a record high level helping the equity markets register sharp gains.

The market capitalisation of 10 listed Portfolio companies surged by more than Rs 2 lakh crore to surpass Rs 18.5 lakh crore on Monday. The stock of all Adani Group companies advanced on opening bell, with flagship Adani Enterprises gaining over 9 per cent as Adani Ports and Special Economic Zone rose 10 per cent to hit a lifetime high.

The Supreme Court had gave a clean chit to the Adani Group in the Hindenburg case.

Tags :

GautamAdani Hindenburg

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

Designed and developed by : SORTD

Unlock Exclusive Insights with The Tribune Premium

Suggested Articles