After the report of the Hindenburg Group, Adani Group, which has been facing crisis for the last one and a half months, seems to have got better days. The group’s shares, which have been on a tremendous boom since the last 3 days, saw a huge boom today on Friday. Shares of all Adani group companies registered a rise in Friday’s trading.
It was reported only last evening that the group had sold some stake in its four listed companies to US-based GQG Partners for Rs 15,446 crore. Its effect was seen in the market today. Shares of the group’s flagship company Adani Enterprises rose 11 per cent to Rs 1,784.95 per share on the BSE.
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Apart from Adani Enterprises, all other companies have seen a boom in today’s business. Today, shares of Adani Ports rose by 7.96 percent, Adani Transmission, Adani Green Energy and Adani Total Gas by five percent each. Adani Power shares gained 4.99 percent. Adani Wilmar shares are up 4.99 percent, NDTV shares are up 4.98 percent. Cement stocks Ambuja Cements gained 4.38 per cent and ACC gained 3.69 per cent.
continuing for 4 days
Most of the group companies touched their higher levels in morning trade. In the stock market, the BSE Sensex rose 673.13 points or 1.14 percent to reach 59,582.48. Adani Group has sold shares of Adani Enterprises Limited, Adani Ports and Special Economic Zone Limited, Adani Transmission Limited and Adani Green Energy Limited to the US company. Earlier on Thursday, shares of all 10 listed companies of Adani Group closed with gains at the end of trading.