Adani Enterprises shares in focus after NCLT clears merger of green and emerging units

Adani Enterprises shares are in focus after the NCLT approved the merger of Adani Green Technology and Adani Emerging Businesses with the flagship company. Adani Tradecom will merge with Adani New Industries. The effective date is yet to be announced. The stock has fallen over 12% in a month but gained nearly 106% in five years, reflecting strong long-term returns.