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Share this Story: Adani Group Shares Extend Gain as Traders Await Earnings Reports [Financial Post (Toronto, Ontario, Canada)]

MSCI Inc (MSCI) 
Last msci inc earnings: 4/28 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.msci.com
Company Research Source: Financial Post
(Bloomberg) — Most Adani Group stocks rose, extending their rebound from the rout sparked by US short-seller Hindenburg Research's report, as the indebted Indian conglomerate takes steps to address investor concerns over leverage. Advertisement Eight of the group's 10 stocks were up in Wednesday's morning session, with flagship Adani Enterprises Ltd. rallying more than 13% after surging the most since 2020 the previous day. Adani Ports & Special Economic Zone Ltd. climbed as much as 8%. The selloff that at one point erased $117 billion from the value of billionaire Gautam Adani's companies has eased as the tycoon and his family pre-paid some borrowings and the ports unit pledged to improve its debt ratio. Focus will turn to earnings from Adani Power Ltd. and Adani Wilmar Ltd. due Wednesday after five other group companies released results earlier this week. “Deleveraging is expected to be the group's immediate focus for at least the next year or so,” said Abhay Agarwal, fund Show less Read more
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