Adani Wilmar, Adani Power, Adani Total Gas other group stocks gain up to 10% in the morning trades.
Ambuja Cement and New Delhi Television Ltd, ACC Ltd continued adding to their gains in the morning trades on Thursday on a day when benchmark indices were trading in the red. The combined market cap of the 10 Adani group listed companies had increased by about ₹27316 Crore in the morning trades.
investor confidence has got a boost post US government agencies finding allegations levelled by Hindenburg against the Adani group as irrelevant and unsubstantiated. Adani Total Gas Ltd with its stock prices gaining up to 9.98 % was the largest gainers among the Adani group of companies.
The stock after touching intraday highs was trading with gains of more than 8% Adani Green Energy, saw its share price too rise around 8.6% on Thursday morning , closely following Adani Green though after a strong opening settled lower as frontline indices saw pressure. Adani green was trading with gains of slightly more than 3%.
Adani Power and Adani Ports and Special Economic Zone stood amongst prominent gainers with their share price seeing smart gains of more than 2 per cent in the opening session closely followed by Adani Enterprises Ltd, Adani Wilmar Ltd, Adani Energy Solutions added to its gains and gained 6.6% to touch intraday highs though was tarding with gains of around 3% thereafter Ambuja Cement ACC Ltd also opened with gains of more than 1% while NDTV touched intraday highs of ₹300 up more than 5% though was trading at ₹285 levels thereafter. Also Read- Paytm share price hits 20% lower circuit limit on brokerage downgrades Adani power has seen its share price rise 325% since lows seen in February following Hindenburg leveling allegations against the Adani group in January.
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