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Last week, Adani shares rallied between 10% to 44% with Adani Enterprises emerging as the best performer in the Group s stocks. The strong performance comes after mega block deals in four Adani firms. .This lifted broader markets with Nifty PSU Bank witnessing the most buying. ....
The historic market meltdown of Adani Group has shown signs of abating after the Indian conglomerate went on a tour to restore confidence and won a $1.9 billion investment by a boutique firm. ....
The market cap of Adani Group stocks climbed by over ₹30,170 crore in one day. By end of March 2nd, the group s 10 companies together held a market cap of ₹7,86,342.14 crore..The reason behind the rebound in Adani stocks could be attributed to large deals from foreign institutional investors and also other institutional investors. ....