Investors shrug off toolkit against Adani Group, key portfolio firms’ stock continue to rise ...Middle East

Mumbai: The key portfolio companies of the Adani Group on Friday continued their sharp rally, with the flagship Adani Enterprises Ltd (AEL) regaining losses of more than $30 billion that accrued after the short-seller firm Hindenburg’s report. The Adani Enterprises stock has registered a rise of 12 per cent in the last five trading sessions. The iconic global financial institution Cantor Fitzgerald has given it a target price of Rs 4,338. Apart from this, the stock has given returns of about 53 per cent to investors in the last six months. The stock has also tripled from its February low of 2023. The AEL stock was almost flat at Rs 3,381 apiece on the BSE. While Adani Green Energy shares we

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