Adani Group stocks rallied after the company clarified that its chairman, Gautam Adani, and other executives are not facing bribery charges as per the US Department of Justice. Moody’s, however, revised its outlook on seven Adani companies to negative, citing governance concerns and potential operational disruptions amid ongoing legal proceedings.
Avoid euphoric valuations, keep cash for better entry points: Pankaj Tibrewal
Pankaj Tibrewal of IKIGAI Asset Managers finds current valuations too high for new investments. Defence sector valuations are especially prohibitive. Cement sector, particularly in South