Adani Group Shares: Adani Group shares saw a big upset today, with shares of Adani’s parent company Adani Enterprises rising nearly 4 per cent, while Adani Green Energy shares fell 6 per cent. The reason for huge volatility in Adani shares is some block deals. Today, 1.6 percent i.e. 1.80 crore shares of Adani Enterprises were traded. Adani Green Energy’s 2.2 per cent equity deal has declined by 6 per cent.
Due to the rise in the shares of Adani Enterprises, Adani Power and Adani Ports on Wednesday, the market capital of Adani Group crossed 10 lakh crore today. Blockdeal of Adani Enterprises has played the biggest role in this. After the block deal, there was a buying trend in the shares of Adani Enterprises. Adani Enterprises shares fell to 1017 in February, its 52-week low, following the Hindenburg Research report. Since then this stock has jumped about 132 per cent. Till the time of writing the news today, shares of Adani Enterprises were up 3.40 per cent at 2374. The stock hit a 52-week high of Rs. 4190 Till the time of writing the news, the stock of Adani Green fell by 2.42 percent to 946.
Adani Enterprises’ stock was the most active on the Nifty 50 index. Today HDFC Bank, HDFC, Reliance Ind. And more deals were done with ICICI Bank.
Gautam Adani’s counterattack
Adani Group Chairman Gautam Adani hit back at Hindenburg Research, saying Hindenburg has spread misinformation targeted against us. He also said that American short sellers have made huge profits amid the fall in Adani’s shares. All Adani group stocks including Adani Wilmar, Adani Transmission, Adani Power, ACC, Ambuja Cement, Adani Ports and NDTV were in the green zone today. These stocks were among the top gainers in the Nifty index today.
Today at 2.40 pm, Adani Transmission’s stock rose by 5.50 percent to 813, while Adani Total Gas’ stock rose by more than one percent to 650. Adani Power shares rose 1.56 per cent to Rs 254.50.
