Adani stocks jump up to 7.5% after group issues clarification on US bribery allegations

November 27, 2024

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.

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Since last Ganesh Chaturthi, 33 stocks delivered significant returns. Elitecon International led with substantial growth. Kothari Industrial Corporation and Colab Platforms also saw major surges.

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FMCG and auto stocks to outperform even as Nifty loses momentum: Ajit Mishra

Nifty slipped below 24,800 amid banking weakness, sparking concerns of further downside towards 24,600. While sentiment turned negative, FMCG and auto stocks like Maruti, HUL,

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