Adani Enterprises reaches 52-week high amid positive sentiment
pre-market1 source ↓written by the desknot a recommendation
- hitting
- 52-week high
- Adani Power rose
- 6%
Adani Group stocks surged on 25 May 2023, with Adani Enterprises hitting a 52-week high. This rally follows Bernstein's report indicating that concerns from the January 2023 short-seller episode are easing, as US regulatory issues appear resolved. Global funds are now expected to reassess their positions in these stocks. 📈
• Adani Power rose 6%
• Bernstein cites strong operational execution as a key factor
• US SEC case settlement alleviates major overhang
Not investment advice. For informational purposes only.