Adani Group: The market valuation of the flagship firm rose to Rs 2.26 lakh crore. (file)
New Delhi:
Shares of eight listed Adani group companies closed with gains today and Adani Enterprises climbed over 5 per cent amid positive momentum in the broader equity market.
Some shares of the group also touched the upper circuit level.
Shares of Adani Enterprises closed at Rs 1,982.85, up 5.51 per cent, on the BSE. During the day, it declined over 10 per cent to hit an intra-day high of Rs 2,135.
The market valuation of the flagship firm rose to Rs 2.26 lakh crore.
Shares of Adani Power, Adani Transmission, Adani Energy, Adani Total Gas and Adani Wilmar rose over 5 per cent each and their closing levels touched the respective upper price band on the BSE.
Also, NDTV shares rose 4.95 per cent and Adani Ports and Special Economic Zone gained around 1 per cent.
However, shares of Ambuja Cements declined by 1.65 per cent and ACC by 1.50 per cent.
The 30-share BSE Sensex closed at 60,224.46, up 415.49 points or 0.69 per cent. The NSE Nifty rose 117.10 points, or 0.67 per cent, to 17,711.45.
Shares of all listed Adani group companies gained on Friday after the group sold minority stake in four of its listed companies to US-based GQG Partners for Rs 15,446 crore.
After taking a beating on the exchanges following a report by US-based short seller Hindenburg Research, the group’s shares have recovered significantly in the last few trading sessions.
The report made several allegations against it, including fraudulent transactions and share-price manipulation.
The group has dismissed the allegations as false, adding that it complies with all laws and disclosure requirements.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group company.)
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