Adani shares continue to rally, Adani Enterprises up 13 percent
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Adani Power climbed 5 per cent, Adani Transmission 5 per cent, Adani Green Energy 5 per cent, Adani Total Gas 5 per cent and NDTV 4.99 per cent. Along with these, shares of Ambuja Cements rose by 0.90 percent, Adani Ports by 0.53 percent and ACC by 0.25 percent.
The rally in the shares of all the listed companies of Adani Group continued for the third consecutive day on Tuesday. In this, the group’s flagship company Adani Enterprises was at the forefront with a growth of more than 13 percent. Shares of Adani Enterprises climbed 13.19 per cent while Adani Wilmar’s shares gained 9.99 per cent on the BSE. Adani Power climbed 5 per cent, Adani Transmission 5 per cent, Adani Green Energy 5 per cent, Adani Total Gas 5 per cent and NDTV 4.99 per cent. Along with these, shares of Ambuja Cements rose by 0.90 percent, Adani Ports by 0.53 percent and ACC by 0.25 percent.
Shares of some group companies also hit upper circuit during the trading. This was the third consecutive trading day of gain in Adani group companies. The total market valuation of the group registered an increase of Rs 1,77,927.29 crore in these three days. Thus, the combined market valuation of all the listed companies of the group increased to Rs 10,79,497.65 crore. After the Hindenburg Research research report came out on January 24, there was a big fall in the market valuation of Adani group companies.
However, the situation has improved in the last two months. After the report of the expert committee constituted by the Supreme Court on Friday, the shares of Adani Group are seeing a lot of boom. The committee had said that on the basis of the data provided by SEBI, prima facie it would not be possible for it to draw any conclusion about regulatory failure with regard to rigging of share prices.
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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