Mumbai, Feb. 1 -- Adani Enterprises Ltd. reported a massive surge in net profit in the quarter ended December 2023 profit, more than doubling 2.3 times to Rs 1888.4 crore, driven by the success of its newer business ventures.

The company's shares witnessed a boost, rising by as much as 1.5%.

With not enough brokerages providing profit forecasts for the firm, the average could not be derived.

The Adani Group received a shot in the arm when the Supreme Court declined last month to initiate further investigations into Hindenburg Research's allegations. Additionally, the group secured funding from a U.S. agency for its Sri Lanka port project in November.

Putting the Hindenburg episode behind, the Adani Group is now intensifying its focus ...