Shares of ADANI ENTERPRISES have gained more than 101% in the last three days. Although it is still at a huge discount. Last year, the share of Adani Enterprises was at a record high of Rs 4189.55 on 21 December 2022. Now it is available for Rs 2046.90 (ADANI ENTERPRISES SHARE PRICE).
Adani Group Stocks: After the report of American short-seller Hindenburg Research came out, the shares of Adani Group started beating. The prices of Adani Enterprises had broken up to 75 percent from the record high. However, now it has made a strong comeback and in just three days, the shares of Adani Enterprises have given a 101 percent return, which means that the capital of the investors who bought its shares at the lower level has doubled. Right now the shares of Adani Enterprises are being traded at Rs 2046.90 (Adani Enterprises Share Price) on BSE with a gain of 13.56 percent.
But still, the price of Adani Enterprises is down by 51%.
Shares of Adani Enterprises have gained more than 101 percent in the last three days. Although it is still at a huge discount. Last year, the share of Adani Enterprises was at a record high of Rs 4189.55 on 21 December 2022. However, after that, it had a fluctuating trend and by January 24, 2023, it had broken 17 percent. However, Hindenburg’s report came again and in the next 10 days, it fell 70 percent to Rs 1017.10 on February 3, 2023. However, the positive reports from global rating agencies and news of loan repayment created a positive atmosphere. Since slipping to Rs 1017.10, it has recovered 101 percent so far but is still at a 51 percent discount from the record high.
December quarter results will come on Wednesday
How was the third quarter of the current financial year for Adani Enterprises, it will be known on Wednesday, 14 February. The Board of Directors of Adani Enterprises will approve the unaudited financial results for the December 2022 quarter and the first nine months of the current financial year 2022-23 ie April-June 2022.
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