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Adani Group stocks surge after corporate clarification eases investor concerns
Adani Group shares rallied after a clarification from Adani Enterprises reduced market uncertainty.
Shares of several Adani Group companies rallied sharply after Adani Enterprises clarified it was not involved in certain legal proceedings referenced in recent media reports. This helped ease investor worries following last week’s steep sell off tied to regulatory uncertainty. Adani Green Energy, Adani Enterprises, Adani Ports and Adani Power all led intraday gains as confidence returned to the sector and buyers stepped in.