Adani group stocks gain up to 14% for third day in a row: Adani Green Energy , Adani Energy Solutions lead the gains
- Stock Market today: Share prices of Adani group companies gained up to 14% for third day in a row. Adani Green Energy Ltd share price led the gains rising up to 14% in morning trades on Friday. Adani Total Energy Solutions, Adani Total Gas, Adani Power share price too were among prominent gainers
Stock Market today: Adani group companies saw their share price gain up to 14% for third day in a row.
Adani Green Energy Ltd share price led the gains rising up to 14% in the morning trades on Friday. Adani Total Energy Solutions Ltd share price also gained up to 12%. Adani Total Gas share price saw rise of up to 5% closely followed by Adani Power share price seeing similar gains
Among others Adani Enterprises, Adani Ports and Special and Special Economic Zone, and Adani Wilmar share prices also gained up to 3%.
New Delhi Televisions Ltd (NDTV) was another prominent gained among other group companies. NDTV share price gained up to 5% while Ambuja Cements Ltd, ACC Ltd share prices saw gains of up to 3%
Adani Group shares have been rising post the Adani Green issued clarification and refuted bribery charges against group chairman Gautam Adani and other officials in the US
Various groups have also maintained outlook and backed Adani group.
The second significant investor after CQG Partners to reaffirm their faith in the Adani group was the International Holding Company (IHC), the investment arm of Abu Dhabi's ruling family, following the indictment of Gautam Adani and others by US federal authorities for allegedly bribing Indian government officials. Sri Lankan Port Authority and Tanzania also have reaffirmed support to the Adani group, as per news reports.
Meanwhile various corporate developments also have been supportive for the Adani group shares.
Adani Green Energy Ltd informed the exchanges that Adani Saur Urja (KA) Limited, a wholly-owned subsidiary of the Company, has incorporated a Wholly-owned subsidiary, namely, Adani Hydro Energy One Limited on November 27, 2024, certificate of incorporation of which was received on November 28, 2024.
Adani Airport Holdings Limited (“AAHL”), which is a wholly owned subsidiary of Adani Enetrprises also has completed the contemplated acquisition of 74% stake of Cococart Ventures Private Limited (“CVPL”)
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