Shares of the Adani Group have seen a lot of volatility recently. Shares had fallen after the allegations in the US, but now the situation seems to be changing. Let us know why the shares of Adani Group are fluctuating so much.
Why are shares rising despite allegations against Adani Group?
Shares of the Adani Group fell sharply after the allegations levelled against Gautam Adani by US prosecutors. However, the company has denied these allegations and said that they are baseless. Recently, there has been a surge in stocks, which can be due to many reasons. Some analysts believe that investors are now focusing on the company’s future, forgetting these allegations. Shares of the Adani Group are likely to remain volatile. Investors should be careful and consult a stock market expert before investing.
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Shares of Adani Group
- The stock of Adani Enterprises was seen trading at Rs 2275, up 4.26% as the market opened, which went up to Rs 2276 in early trade.
- Ambuja Cements shares were also trading higher. Shares of Ambuja Cements traded 5.49 per cent higher at Rs 510.30 in early trade.
- Adani Total shares were trading 3% higher at Rs 620 in early trade.
- Shares of Adani Green Energy closed trading at Rs 1146.40. But on Friday and the last trading day of the week i.e. today, it opened with a fall at Rs 1060.05. It rose to Rs 1219.70 in morning trade. At 11:34 am, the stock was trading at Rs 1211, up 5.64% on the BSE.
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