Jefferies has initiated coverage on 13 Indian stocks in 2024, expanding its total coverage to 188 stocks with a combined market cap of $3.4 trillion, representing 70 percent of India s listed market. Most of these newly covered stocks have significantly outperformed the benchmark index.
An analyst from StoxBx said that The pattern analysis of Adani Enterprises on the daily timeframe shows a stronger pullback rally from the support of the 200-day MA.
Adani Enterprises corrected 76 per cent after the Hindenburg report. It plummeted to a low of Rs 1,017 on February 3 but managed to recover 118 per cent since then.