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Adani Enterprises: Adani’s challenge to IRCTC.. Entry into the train ticket booking business.. Adani bought a trainman!

The News GlorybyThe News Glory
17/06/2023
Adani Enterprises: Adani’s challenge to IRCTC.. Entry into the train ticket booking business.. Adani bought a trainman!

Adani Enterprises: Adani Enterprises is challenging the Indian Railway Catering and Tourism Corporation (IRCTC). Gautam Adani’s company Adani Group.. has entered the online train ticket booking business. Adani Digital Labs, a subsidiary of the Adani Group, has acquired Stark Enterprises Pvt Ltd, a train ticket booking platform currently operating in this sector. Train tickets will be sold online soon. It issued a statement on Friday informing the Indian stock markets that the purchase agreement has been signed. The company has not disclosed the details of the purchase price. Stark Enterprises, which operates Trainman, an online train booking and information portal. Adani Enterprises’ share value fell to a low of Rs 1195 on the NSE in February 2023. This happened in the wake of sensational allegations against Hindenburg Research.. Adani Group. The Adani Group has been accused of manipulating and committing frauds in the stock markets. Due to this, the selling trend continued in the stocks of all the Adani Group companies. As a result, the share collapsed. After a few days it started to recover. Increased by more than 100 percent within 4 months. In the Friday session, the stock was trading at Rs. Ended at 2505.

The price of gold, which fell heavily due to that one reason.. Did Varni come down this much in one day?

Meanwhile IRCTC share is in base building mode after November 2022. At one stage it was increasing heavily and then it started falling. Last month it was 9 percent. The stock price was Rs.666 at the end of the session on Friday.

Trainman was founded by Vineet Chirania and Karan Kumar who graduated from IIT-Roorkee. Trainman, an authorized train booking start-up of IRCTC, provides information like availability of seats, PNR status and live status in trains from time to time. Recently, it has also raised 1 million funds from American investors. On the other hand, in 2021 Adani Group also bought shares in airline booking app Clear Trip.

A stock that turns Rs.10 thousand into 10 lakhs.. 9 thousand percent returns together.. How?

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