How far can bulls shine in Adani stocks? Adani Ent rises 30% in 5 sessions, others rally too; experts outlook here5 min read 24 May 2023, 10:50 PM IST
SC panel's report spread a huge calm across investors in case of Adani stocks. In 5 trading sessions, Adani Group-backed stocks have rallied from 1% to a massive 30% with flagship firm Adani Enterprises seeing most buying. The Group has also recovered 50% of its market value post Hindenburg report.
Profit booking has been recorded in the majority of Adani stocks on Wednesday after their strong rally in the previous few sessions. Yet, Adani stocks witnessed robust gains in five trading sessions with the Group's flagship firm Adani Enterprises garnering over 30% upside. Currently, the conglomerate's market value is nearly ₹10 lakh crore. Experts opinion is mixed when it comes to billionaire Gautam Adani-backed listed stocks.
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