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The Times of India
The Times of India
Business
Bloomberg

Adani group shares extend gain as traders await earnings reports

Adani Adani Group Mumbai Hindenburg Research India

MUMBAI: Shares of most Adani group companies rosehttps://timesofindia.indiatimes.com/business/india-business/adani-ports-mulls-repaying-605-million-debt-to-calm-investors/articleshow/97714253.cms, extending their rebound from a selloff that has erased more than $100 billion from the Indian conglomerate’s market value.

Nine of the group’s 10 stocks were up, with flagship Adani Enterprises Ltd gaining as much as 10% after rallying almost 15% on Tuesday. Adani Wilmar Ltd and Adani Transmission Ltd both advanced about 5%. The loss in the group’s market value since US short-seller Hindenburg Research’s scathing report now stands at about $110 billion, down from $117 billion as of Monday’s close.

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