Hey All,
What a relief when you see your stock portfolio is GREEN after ages. Recently i.e. last Friday the Supreme Court of India which is the supreme judicial authority and the highest court of the Republic of India, appointed panel said it had not found 'regulatory failure' around allegations of price manipulation in the conglomerate's stocks and violation of minimum public shareholding rules. With this news floating around we saw Adani stocks rally up to 15% Approx. and even more. Today also most of the Adani stocks surged Adani Wilmar shares surged nearly 9%, Adani Enterprises, Adani Power, Adani Transmission and Adani Green Energy shares gained between 18%, 5%, 5% and 5%; to be precise they hit their upper circuit - where there were no sellers of the Adani stocks. And here is the overall summary of my stock portfolio which is almost close to GREEN now...
My Shares/Stocks Holding in GREEN...
I have been investing in the Adani stocks, when this news broke out where Hindenburg Research had accused Adani Group of stock manipulation, fraud. When the Hindenburg research report came out all the Adani stocks had tanked and there were news that possibly the stocks would go to zero as well. Folks who took the risk and invested in the Adani stocks would now sitting over a good amount of profit. Speaking of my myself, I had invested in Adani enterprises, Adani Wilmar and Adani ports. I invested roughly about $2K+ and currently my investment is giving me a profit of 40% and I continue to HOLD all the stocks. Will be nice to see a couple of more upper circuits and then I would think of taking out my investment back, until then will stay invested.
It surprise me how a news may it be positive or negative effect stocks price drastically. There was a time where with the Hindenburg research report it costed Billion of dollars loss to Adani group and now with the the Supreme Court Committee report coming out and detailing the key findings where the trading pattern by the FPIs was suspicious because of the build-up of short positions before the Hindenburg report. Overall the markets took this report as a positive sentiment and hence the rally in Adani group stocks overall. Hopefully, we would see this upward momentum being build up and investors would be able to make up from the previous losses incurred by investing in the Adani stocks...
Have Your Say on Adani Stocks Recovery?
Did you know about all this Adani and Hindenburg Saga? Will Adani Group of stocks continue to rise with upper circuits? I mean where stocks of Adani only has buyers and NO sellers? Did you invest in of these Adani Group Stocks? If Yes, then what was your pick? Would love to hear your thoughts around it in the comment box below?...Cheers
Sensex - Recovery In Adani Shares - After relief from SC panel & Finally my Stocks Holding in GREEN...
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Image Credits:: sharekhan, moneycontrol
Best Regards