The stock extended losses post demerger and slipped to a 52-week low. It is trading below major moving averages on short-term, medium-term and long-term timeframe charts. The key technical indicators also favor bears.
Adani Group companies clarified via stock exchange filings that they are not parties to any US SEC legal proceedings. Reports indicated the SEC sought court
Indian equity markets closed the week on a subdued note, impacted by profit-booking and foreign investor outflows. Global trade concerns and domestic earnings disappointments weighed
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