[ad_1]
Adani Group Stocks: Despite the block deal on Wednesday, most of the Adani Group shares are seeing a decline in Friday’s trading session. Out of 10 stocks listed in Adani Group’s market, 8 stocks are trading with a decline while only the stocks of both the cement companies are trading with a boom.
The stock of Adani Enterprises is trading down by 0.67 per cent or Rs 16. Adani Green Energy is trading down by 1.29 per cent, Adani Ports by 1.63 per cent, Adani Power by 1.14 per cent, Adani Total Gas by 0.05 per cent, Adani Transmission by 4.90 per cent and Adani Wilmar by 0.57 per cent. NDTV is also trading with a decline of 2.28 per cent. Both cement companies ACC is trading with a gain of 0.12 percent and Ambuja Cement by 0.29 percent.
Shares of Adani group companies are trading in red mark on that day while Sensex Nifty is trading at lifetime high. While the stock of Adani Enterprises and Adani Ports had a big hand in Nifty crossing 19000. It was reported on Wednesday that promoters have sold shares worth one billion dollars to GQG Partners and some other investors. This is the occasion in the last four months when GQG Partners has invested in the stock of Adani group companies. Company’s founder Rajeev Jain had said in May that he can invest more in Adani Group’s shares.
News came on Thursday that Adani Total Gas would invest up to Rs 20,000 crore in the next 8 to 10 years. The company will invest this amount on strengthening the infrastructure of its gas distribution business. Company’s CFO Parag Parikh has said these things in the Annual Report of the financial year 2022-23. Despite this news, the stock of Adani Total Gas is trading with a decline.
read this also
[ad_2]
Source link