LIC backed Adani Group stocks in green post Hindenburg case!

All Adani Group equities surged strongly today, despite heavy trade activity. The dramatic increase occurred after the Supreme Court deferred its decision in the Adani-Hindenburg dispute after hearing various petitions in the case.

On Tuesday Indian benchmark indices closed in green, BSE Sensex and Nifty 50 were up by 0.48 per cent and 0.48 per cent respectively.

The broader indices finished mostly in positive territory, with Mid-Cap and Small-Cap stocks leading the way.

The Bank Nifty index rose 111.85 points or 0.26 per cent, to 43,881 Oil and gas and auto companies outperformed the other sectors indices, while healthcare and pharmaceutical firms fell.

The Top Gainers on the BSE Sensex were Tata Motors, Bajaj Finserv, and Ultratech Cement, while the laggards were Icici Bank, Sun Pharma, and ITC.

All Adani Group equities surged strongly today, despite heavy trade activity. The dramatic increase occurred after the Supreme Court deferred its decision in the Adani-Hindenburg dispute after hearing various petitions in the case.

A bench led by Chief Justice of India DY Chandrachud stated that the top court cannot dismiss Sebi's investigation based solely on media reporting. In simple terms, the supreme court said it couldn't order an investigation into the Adani Group just based on reports from a short-seller. The court asked the Securities and Exchange Board of India (Sebi) to investigate the claims.

ACC: ACC's stock has shown a modest increase of 2.53 per cent, reflecting positive sentiment. The opening price of Rs 1830 and the day's high at Rs 1891 suggest healthy trading activity.

Adani Energy Solutions: Adani Energy Solutions has experienced a substantial increase of 19.99 per cent by locking into an upper circuit, indicating strong buyers’ interest. The opening at Rs 748 and the high at Rs 874.

Adani Enterprises: Adani Enterprises has seen an 8.94 per cent increase, driven by a positive market response. The day's high at Rs 2512 suggests bullish momentum.

Adani Green Energy: Adani Green Energy has witnessed a notable increase of 13.80 per cent, driven by court statement. The day's low at Rs 955 and high at Rs 1099 indicated volatility.

Adani Ports & SEZ: Adani Ports & SEZ has gained 5.85 per cent, with a relatively narrow trading range.

Adani Power: Adani Power has shown a substantial increase of 12.76 per cent, reflecting positive sentiment. The opening at Rs 407 and the day's high at Rs 464.4 suggested strong demand.

Adani Total Gas: Adani Total Gas has surged by 20.00 per cent by locking into an upper circuit, signalling significant investor interest. The wide trading ranges from Rs 955 to Rs 1099 suggests volatility.

Adani Wilmar: Adani Wilmar has shown a 9.99 per cent increase, the trading ranges from Rs 320.1 to Rs 348.6 indicates volatility.

Ambuja Cement: Ambuja Cement has experienced a modest increase of 4.17 per cent. The day's high at Rs 435.45 suggests positive momentum.

NDTV: NDTV has seen a significant increase of 11.80 per cent, driven by positive developments. The day's high at Rs 232.8 indicated strong investor interest.

Following is the list of Adani group stocks:

Disclaimer: The article is for informational purposes only and not investment advice.

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