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In morning trade, Adani shares surge up by almost 18%

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In morning trade, Adani shares surge up by almost 18%

adani group

Adani Enterprises’ stock skyrocketed 17.65% on the BSE.

Adani Wilmar shares increased by 9.99 percent, Adani Ports by 7.71 percent, Adani Power by 5%, Adani Transmission by 5%, Adani Green by 5%, Adani Total Gas by 5%, and NDTV by 4.99 percent.

Ambuja Cements’ stock increased by 4%, and ACC increased by 2.87 %. During the early trade, a few group stocks also reached their upper circuit boundaries.

The 30-share BSE benchmark increased 238.21 points, or 0.38 percent, to quote at 62,201.89 in early activity on the equity market.

Since Friday, shares of the Adani Group have increased.

However, the six-member panel claimed there was proof of a build-up in short positions on Adani Group shares prior to the publication of a research by US-based short seller Hindenburg Research that alleged fraud, stock manipulation, and money laundering at the apples-to-port company.

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