Adani Enterprises received two show cause notices (SCNs) from the Sebi over Hindenburg report in Q4FY24, alleging non-compliance of its provisions of the listing agreements and disclosure requirements (LODR regulations), the company stated in its filing to the exchanges, will keep stock in focus.
The metals market has seen a strong performance driven by positive PMI data from China and solid US economic fundamentals, leading to higher commodity prices, especially for base metals. Hindalco and Vedanta comparison can help identify better long-term investment opportunities.