Brief by Shorts91 Newsdesk / 03:18pm on 27 Nov 2024,Wednesday Business
Shares of Adani Group companies surged up to 20% on November 27, 2024, following a clarification regarding US bribery charges. Adani Power rose 20% to Rs 525.30, Adani Total Gas gained 19.76% to Rs 694.25, and Adani Enterprises climbed 11.56% to Rs 2,398.35. The rally came after Adani Green Energy clarified that key executives, including Gautam and Sagar Adani, were not facing charges under the US Foreign Corrupt Practices Act. Despite the rebound, analysts remain cautious, citing credit downgrades and ongoing regulatory scrutiny. Investors are advised to assess risks before making decisions.
