Non-stop buying! Adani stocks rally up to 5% for fourth day

Shares of Adani Group’s companies, including Adani Green and Adani Power, rose by 4%, while Adani Transmission, Adani Total Gas, and NDTV’s shares surged by 5% each for the fourth day in a row. Adani Enterprises’ shares have gained about 35% since Friday, while the combined market capitalisation of Adani stocks has risen by 16% to INR 11 lakh crore ($148bn) in the last four trading sessions since the Supreme Court appointed committee’s report on the Hindenburg issue was made public. US-based GQG Partners has further hiked its stake in the conglomerate by 10%.