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Adani Enterprises shares hits 20% upper circuit 

Adani Enterprises Ltd shares hit 20% upper circuit in Tuesday's trading session.


The stock has seen sharp movements in the last few weeks due to ongoing disputes between Adani Group company and Hindenburg Research.

Analysts believe that the current bounce could continue up to 2,000 as an immediate resistance.


A strong Q3FY23 earnings report from Adani Transmission and news of promoters prepaying loans worth $1.11 billion has led to a positive sentiment for the stock.


The imminent Q3FY23 results from Adani Ports, Adani Green and Ambuja Cements are eagerly awaited by the market.

Hindenburg Research accused Adani Group of participating in stock price manipulation and accounting fraud.

The company has since canceled its 20,000-crore public offering.


Click here to know more about Adani Enterprises.

Adani Enterprises shares hits 20% upper circuit

Adani Enterprises Ltd's stock rose by 20% in Tuesday's trade due to strong Q3FY23 earnings. The stock has seen strong bounce from lower levels in the last couple of weeks. The Indian giant cancelled its ₹20,000-crore public offering on the backdrop of Hindenburg's criticisms. Analysts believe that current bounce may continue with 2,000 being an immediate resistance.

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Adani Enterprises shares hits 20% upper circuit

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