Adani Shares See Sharp Rise; Total Gas Climbs 20% At The Bourse

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Adani Shares See Sharp Rise; Total Gas Climbs 20% At The Bourse

| Updated: November 28, 2023 17:46

Shares of all the Adani group firms continue to soar high and attract heavy demand, with Adani Total Gas climbing nearly 20 per cent at the bourse on Tuesday.

All the 10 listed group companies traded with sharp gains as shown during the morning trade, defying a general muted trend in the equity market.

Shares of Adani Total Gas zoomed 19.61 per cent on Tuesday, while Adani Energy Solutions surged 13 per cent, Adani Power soared 8.46 per cent, Adani Green Energy jumped 7.84 per cent, Adani Enterprises climbed 7 per cent, Adani Wilmar went up by 6.86 per cent and NDTV advanced 6.42 per cent on the BSE.
Adani Ports gained 3.71 per cent, Ambuja Cements climbed 3.66 per cent and ACC went up by 2.86 per cent.

Stock prices of Adani group companies soared on Friday also as the Supreme Court heard and reserved its verdict on a batch of petitions seeking examination of allegations of fraud against the conglomerate.

On Friday, nine of the 10 listed group companies ended in the green, adding ₹14,786 crore to their combined market capitalisation, stock exchange data showed.

Equity markets were closed on Monday for Guru Nanak Jayanti. In the broader equity market, the benchmark indices faced heavy volatile trends and were quoting between highs and lows.

The Supreme Court, on Friday, reserved its order in the Adani-Hindenburg case, and indicated that it might pass some more directions to the Securities and Exchange Board of India (Sebi). The SC observed that capital market regulator Sebi must complete the probe in all 24 cases.

Adani Total Gas is a joint venture between France’s energy major TotalEnergies and Adani Group.

Earlier on February 28 this year, eight of Adani’s listed companies had shown strong rebound in intraday trading.

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