Despite the reports, Adani Group's market capitalization increased by more than Rs 11,00 crore on Wednesday, taking its total market capitalization to $200 billion (over Rs 16.9 lakh crore).
Adani Group stock, Adani Power, closed at an all-time high, up 2.1 per cent from the previous day's close.
According to market experts, the reports had no impact on Adani Group shares, with the market "considering the magnitude of the situation before giving its decision".
This is the third time that two foreign media organizations have joined hands to publish negative reports on Adani Group, leading investors to believe that these attacks are deliberate attempts to influence stock prices.
The latest report, again, comes amid the ongoing general elections, making the timing once again suspicious.
Furthermore, the chronicity of the transactions mentioned in the FT and OCCR reports is considered to be a no-risk event for the stock.
The latest reports from two western media groups have accused Adani Group of selling low-grade imported coal in India at the price of high-value coal 1 year ago, and part of the allegation was during the UPA government era.
Investors are seeing good value in Adani Group shares. The group's market capitalization has increased by 57 percent in the last one year and now stands at $200 billion.
Adani Group stock, Adani Power, closed at an all-time high, up 2.1 per cent from the previous day's close.
According to market experts, the reports had no impact on Adani Group shares, with the market "considering the magnitude of the situation before giving its decision".
This is the third time that two foreign media organizations have joined hands to publish negative reports on Adani Group, leading investors to believe that these attacks are deliberate attempts to influence stock prices.
The latest report, again, comes amid the ongoing general elections, making the timing once again suspicious.
Furthermore, the chronicity of the transactions mentioned in the FT and OCCR reports is considered to be a no-risk event for the stock.
The latest reports from two western media groups have accused Adani Group of selling low-grade imported coal in India at the price of high-value coal 1 year ago, and part of the allegation was during the UPA government era.
Investors are seeing good value in Adani Group shares. The group's market capitalization has increased by 57 percent in the last one year and now stands at $200 billion.
