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After the Supreme Court in Wednesday’s ruling refused to intervene in the market regulator’s investigation into allegations of stock price manipulation by the Adani Group, the shares of the power-to-ports giant experienced a significant surge.
In what is considered a favourable ruling for the Ahmedabad-based conglomerate, the group’s stocks soared by up to 12 percent on Wednesday, contributing to an overall market capitalisation gain of over Rs. 15 lakh crore. – Hindustan Times
