These shares of Adani became rocket as soon as a news came, investors became rich – this adani group stock gains 5% in the morning trade; here’s why

New Delhi: The stock market has reached a new historical level today. Tremendous jump has been seen in Sensex. Today there has been a tremendous boom in the shares of Adani. The stock of Adani Enterprises Limited has seen a gain of 5.55% today. Adani’s stock has seen a tremendous rally after reports of big deal execution in the early trading sessions. Shares of Adani Enterprises are the top gainers on the Sensex index. The Sensex is trading up 0.25%, while the Nifty opened up 0.26%. As per exchange data, shares of Adani Enterprises worth Rs 1.8 crore, which is 1.6% of the total shares, have been changed in the transaction. The shares were sold for Rs 2,300 each, taking the total transaction value to Rs 4,130 crore. There has been a boom in the shares after the information about the purchase and sale of Adani’s shares has come to the fore. On Wednesday, all the shares of Adani group companies saw a boom. Adani Ports, Adani Total Gas, Adani Power, Adani Transmission, Adani Wilmar, ACC, Ambuja Cements, and NDTV shares have seen a gain of 1-3%.

For the first time after the attack of the American research firm, in June 2023, the market cap of Adani’s companies reached around 10 lakh crores. Adani Enterprises Limited is associated with various economic sectors including infrastructure like mining, IRM, airport, road, rail/metro, water, data centre, solar manufacturing, agriculture and defence. The company has not earned good profits for the last five years. The company’s profit growth has been 27.4% CAGR. Adani Enterprises has achieved good financial growth. With multibagger gains of over 1370% in just three years, the stock has witnessed tremendous buying activity.

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