On a YTD basis, the stock is up by 3.5 per cent while in the last 12 months it is down by 13.13 per cent.

Presently, the Adani Group stocks collectively hold a market capitalisation close to ₹15 lakh crore, a significant climb from he ₹10 lakh crore mark observed in the final week of November.

More generally, it’s not that easy making money from shorts. According to S3 Partners, a specialist New York-based consultancy that tracks short positions, short selling generated aggregate gains of $300 billion last year as stock markets fell. But that simply offsets some of the $572 billions of losses suffered over the previous three years.   

About 1,764 shares have advanced, 1,602 declined and 133 are unchanged. 

One of the trending news on the internet is the Hindenburg Research report which is raising concern over the debt positions of Adani group companies.

The group confirmed the deal to acquire Holcim’s stake in Ambuja Cements and ACC Ltd for $10.5 billion or Rs 81,361 crore. Holcim owns 63.19 per cent in Ambuja Cements and 4.48 per cent in ACC Limited.

The month of April was a wicked one for the stock markets across the world and Indian markets were no exception as Nifty plunged 2 per cent.

There’s a brand-new billionaire on the block, Gautam Adani, of the Adani Group, whose companies have managed to double the investors’ money, even in these crucial times of high inflation and geopolitical tensions. The stocks have shown a phenomenal rally over the past few weeks