After serious allegations of bribery and corruption were made against the Adani Group in the United States, the company’s stock prices saw a significant drop. However, Adani Group clarified that there are a total of five cases filed in the US, two of which are serious but do not involve Adani’s name. Following this clarification, the company’s shares experienced a remarkable surge once again.
After the bribery and corruption charges against Gautam Adani, shares of the group’s companies had fallen by 20-30%, but after two days of decline, there has been a substantial rebound in the past two days. On Wednesday, the shares of Adani Group companies showed a significant rise, and this upward trend continues today.Adani Enterprises’ stock saw a 4% rise today, reaching ₹2496. Meanwhile, Adani Solutions’ stock rose by 10%, reaching ₹727. Adani Power’s shares surged by 9%, pushing its stock price up to ₹569. Adani Green also saw a 10% increase in its shares, bringing its price to ₹1087.
