Adani Shares bounce back after announcing early loan pays
Adani shares have seen huge rise giving back huge rewards to the risky investors after the huge fall followed by the Hindenburg report. Thanks to the strong Public sentiment added to the announcement of the group about repaying early loans worth $1.00. Except the Adani green other shares have seen huge rise boosting the Indian market along with the bank nifty. Adani power and Adani Wilmar were expected to see some growth this week but the Adani enterprises too saw a huge 23% rise on Wednesday.
The Indian public investors have shown huge trust on the Indian conglomerete Business man Mr. Gautam Adani. The Adani Wilmar Q3 results just worked as Ice on the cake by boosting the investors confidence. The Consolidated Net profit rose by 16% compared to that of last year.
Many Analysts have suggested to be cautious on Adani shares and proposed to wait for the further movements before thinking about investing in Adani shares as the Opposition Political parties in India have started raising voice against the alleged Government – Adani connections.
The opposition INC party leader Rahul Gandhi had raised the question about the Adani issue in parliament today and the shares were expected to fall. However, in contrast to the situation the Indian public have shown huge confidence in Adani institutions.
