Adani group market capitalisation doubles from lows

A year after Hindenburg Research’s damaging report against the Adani Group, the conglomerate’s market capitalisation has more than doubled. However, it is still Rs 4.7 lakh crore short of its all-time peak. Adani Power, Adani Ports & SEZ, and Ambuja Cements have recovered their lost ground, while Adani Total Gas and Adani Energy Solutions have seen significant value destruction.