adani group stocks rebound after significant market losses from bribery allegations

Adani Group stocks experienced a recovery today, with most shares turning positive after a significant decline caused by bribery charges in the US.

Adani Ports and SEZ increased by 1.7 percent to Rs 1,133, while Adani Green Energy rose by 3.5 percent to Rs 1,186. Other companies within the group, including ACC, Ambuja, and Adani Total Gas, also rebounded from their lows.

This recovery follows a dramatic session on November 21, when Adani Group's listed firms collectively lost Rs 2.2 lakh crore in market capitalization, marking one of the largest single-day declines in the group's history. Notably, shares of flagship Adani Enterprises dropped by 23 percent, with Adani Green Energy and Adani Energy Solutions each experiencing a 20 percent decline. Adani Energy Solutions, however, saw a 3.5 percent decrease today, trading at Rs 673.

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