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Adani Stocks: Shares of most of the Adani group companies climbed in the morning trade on Tuesday. The stock of Adani Enterprises, the flagship company of Adani Group, touched its upper circuit limit with a gain of 15 per cent. Shares of eight Adani group companies were in profit in early trade, while two were in loss.
Adani Enterprises touches upper circuit
Shares of Adani Enterprises on BSE rose by 15 per cent to reach its upper limit ie Rs 1,808.25. The market capitalization of the company has reached Rs 2.06 lakh crore. Adani Ports and Special Economic Zone gained 8.96 per cent to Rs 595. The market capitalization of the company stood at Rs 1.28 lakh crore.
Out of 10 listed companies of Adani Group, only two companies lost their shares.
Adani Wilmar was up five per cent at Rs 399.40 in early trade, Adani Transmission was up five per cent at Rs 1,324.45, Adani Green Energy was up 2.10 per cent at Rs 906.15. Out of 10 listed Adani Group companies, only two companies were in loss. Adani Total Gas fell five per cent to its lower circuit i.e. Rs 1,467.50. Adani Power was at Rs 173.35 with a loss of 4.99 per cent. ACC shares rose 2.17 per cent to Rs 2,012.55 and Ambuja Cements gained three per cent to Rs 391.15. NDTV was trading at Rs 225.35 with a gain of five per cent.
Big news came yesterday about two companies
The National Stock Exchange has taken a big decision regarding the shares of Adani Group, which became the major reason for the recent fall in the Indian stock market. Its effect will be seen on the investors of two shares of Adani Group. Indian market National Stock Exchange of India (NSE) has revised the circuit limit of Adani Green Energy Limited and Adani Transmission Limited to 5 percent.
Adani group took a big decision on Monday
The Adani Group on Monday said that its promoters will prematurely redeem pledged shares of their companies by paying $1114 million. In a report by US-based short seller Hindenburg Research, the Gautam Adani-led group was accused of fraudulent transactions and manipulation of share prices. Since then, the process of decline in the shares of the group companies had started. However, today investors have got some relief.
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