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Adani Group stocks fell by up to 2% in early trading on Friday following a new report from Hindenburg Research. The U.S. short-seller alleged that Swiss authorities have frozen over $310 million in funds across multiple Swiss bank accounts as part of an investigation into money laundering and securities forgery linked to the Adani Group.
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Patanjali Foods Share Price: Shares of Patanjali Foods fell by 4% on the BSE today, hitting a days low of Rs 1,855.10. The drop followed a block deal involving 1.2 crore shares, or 3.3% of the companys equity, valued at Rs 2,223.4 crore. The floor price for the deal was set at Rs 1,815, with the promoters likely being the sellers.
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There are several stocks which are not really in your comfort zone and hence we need to pick up stocks on a bottom-up basis and need to cherry-pick ideas wherein the risk-reward is favourable. Otherwise, it is a tough market as far as stock selection is concerned.
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