Adani Group Stocks: stocks closed with a gain...
The stock market may have closed flat on Tuesday. But the stocks of the adani group saw tremendous growth. Stocks of adani Group closed up to 10 per cent. The biggest boom was seen in the stock of adani Green Energy, which crossed the Rs 1,000 level with a jump of 10 per cent and closed at Rs 1,088. Three shares of the group, including adani Green, hit the upper circuit.
Adani stocks ran again
All the 10 shares of adani Group listed in the stock market closed at a brisk pace. Group's flagship company adani Enterprises closed at Rs 2466 with a jump of 2 per cent, adani Ports at Rs 1.90 per cent, adani Power at Rs 260 at 9.31 per cent, and adani Total Gas closed at Rs 662 with a jump of 5 per cent. The stock of adani Total Gas also hit the upper circuit. adani Transmission closed at Rs 835, up 8 per cent, and adani Wilmar closed at Rs 416.75, up 4.57 per cent.
Shares of ACC, both cement companies of adani Group, closed at Rs 1891 with a gain of 4.83 per cent, and Ambuja Cement closed at Rs 440 with a gain of 4.10 per cent. NDTV saw a jump of 5 per cent and the stock closed at Rs 238.55. NDTV's stock also hit the upper circuit.
Why did adani stocks rise?
According to the shareholding pattern for the april to june quarter, mutual funds have increased their stake in 7 out of 10 companies. At the same time, the management of adani Green is going to meet with veteran investors from august 16 to 22, which also includes Motilal Oswal. Nomura is also going to attend the credit analyst and investors meeting to be held on 30 August. Due to these reasons, there was a sudden rise in the shares of adani Group.
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