All 10 Adani Group stocks closed higher, the first such occurrence since the explosive report by US short-seller Hindenburg Research in late January sparked an unprecedented rout in the conglomerate’s shares.
Flagship firm Adani Enterprises Ltd. led the rally, advancing almost 15% on Wednesday, as the embattled group conducted investor meetings in Singapore and Hong Kong this week to shore up confidence. Adani Green Energy, Adani Transmission and Adani Power rose by the 5% daily limit.
