Shares of Adani Group companies surge in morning trade

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afdq2shg adani Shares of Adani Group companies surge in morning trade

Shares of Adani Group companies were in high demand in morning trade on Tuesday, with Adani Total Gas gaining nearly 20 per cent. Despite the sluggishness in the stock market, all 10 listed companies of the group registered sharp gains in morning trade.

On the BSE, shares of Adani Total Gas gained 19.61 per cent, Adani Energy Solutions 13 per cent, Adani Power 8.46 per cent, Adani Green Energy 7.84 per cent, Adani Enterprises 7 per cent, Adani Wilmar 6.86 per cent and NDTV 6.42 per cent.

Adani Ports gained 3.71 per cent, Ambuja Cements gained 3.66 per cent and ACC gained 2.86 per cent.

Share prices of Adani Group companies also surged on Friday as the Supreme Court heard petitions seeking probe into allegations of fraud against the group and reserved its verdict.

According to stock exchange data, nine of the 10 listed companies of the group were in profit on Friday and their combined market capitalisation increased by Rs 14,786 crore.

The stock markets were closed on Monday on the occasion of Guru Nanak Jayanti. The benchmark indices in the broader stock market witnessed huge volatility and were trading between higher and lower levels.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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