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Adani stocks rebound as the group moves to repair debt

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De-leveraging is expected to be the immediate focus for the next year, says analyst

Most Adani Group stocks rose again on Wednesday, 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.

Seven of the group’s 10 stocks ended higher in Wednesday’s session, with flagship Adani Enterprises rallying 20% after surging the most since 2020 the previous day. The stock has more than doubled from the low it hit during the recent sell-off...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

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