We will win Sanam, you will also win, everyone danced with Adani, then the upper circuit started - Newztezz Online

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Monday, March 6, 2023

We will win Sanam, you will also win, everyone danced with Adani, then the upper circuit started


LIC's stock is seen trading at 617.50. On the other hand, if we talk about the country's largest bank State Bank of India, it is also seen doing business across 564 with a speed of 0.54 percent.

Adani Stocks: Adani Group will always remember the day of 24 January 2023 when Hindenburg released the report. After this report, the shares of Adani Group have collapsed. At the same time Adani's personal net worth suffered a lot, the situation is that Gautam Adani got out of the list of top 35 rich people of the world. After facing Hindenburg's attack for about 1 month, Adani Group's shares have continued to earn handsomely after hitting the upper circuit several times. Talking about today, even on Monday, upper circuit has been installed in more than 4 companies of Adani Group.

Due to the fallback in Adani's shares, not only Adani but also common investors and big players like LIC, SBI have benefited. Actually LIC and SBI had huge investment in Adani Group. When the shares of Adani Group were getting beaten up, their condition was also bad. Now along with Adani Group, they are also seen coming from red to green mark.

Fast growing earnings

Gautam Adani's net worth is once again increasing due to the rise in Adani Group's shares. Gautam Adani remained the world's biggest gainer for the second consecutive day on Friday due to the rise in Adani Group's shares. There was an increase of 14 percent in Gautam Adani's net worth in one day. Talking about today, even today this boom is intact.

SBI, LIC also swing

LIC shares are also registering a gain of 0.33 per cent in Monday's trading session. LIC is seen trading at 617.50. On the other hand, if we talk about the country's largest bank State Bank of India, then here also it is seen doing business beyond 564 with a speed of 0.54 percent. On January 11, SBI's share was at the level of Rs 591, which has broken down to a very low level. Now, due to the rise in Adani's shares, tremendous bounce has started appearing here too.

Wealth has increased so much

After going out of top 30, Adani is seen making a fast comeback. According to Forbes list, Gautam Adani's wealth has crossed $43 billion. Talking about Adani Group companies, the fastest growth is being seen in Adani Enterprises. The stock of Adani Enterprises had gone up to the level of 1100, which is seen trading beyond Rs 2083 till the news is written on Monday.

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