Shares of eight companies of Adani Group rose, Adani Enterprises gained 5.5 percent

Shares of eight of the 10 companies listed on the Adani Group’s stock market closed with gains on Monday. In this way, the companies of the group have maintained the process of continuous improvement after a huge decline. Shares of Adani Enterprises, the flagship company of Adani Group, closed at Rs 1,982.85, up 5.51 per cent. At one point during trading, it jumped 10 per cent to Rs 2,135. The ongoing improvement in the shares of Adani Enterprises over the last few trading sessions has resulted in its market capitalization rising to Rs 2.26 lakh crore.

After the report of Hindenburg Research, it was continuously declining for about a month. Shares of other group companies – Adani Power, Adani Transmission, Adani Energy, Adani Total Gas and Adani Wilmar rose five per cent each. While NDTV shares rose 4.95 per cent, while Adani Ports & SEZ gained about one per cent. However, it was a disappointing day for both the group’s cement companies. Ambuja Cements scrip fell 1.65 per cent while ACC declined 1.50 per cent. The Adani Group’s market capitalization had declined by more than 60 percent since the Hindenburg research report came out on January 24. But since last week, the shares of the group companies are seeing steady improvement.

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