Shares of most Adani Group companies have rebounded in the June quarter after a tumultuous March quarter. Adani Enterprises saw a net gain of over 36% in the quarter, while Adani Power gained more than 30%. The recovery was driven by the group’s efforts to reduce debt, decrease pledged shares, and positive initial findings by a Supreme Court-appointed panel. However, concerns remain as SEBI continues to investigate the matter and US authorities are reportedly looking into investments in Adani stocks. GQG Partners expressed confidence in the group and made significant investments.
Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20