Most Adani Group Stocks Recover, Adani Enterprises Rises 14.22%

Shares of Adani Ports climbed 5.44 per cent. (File)

New Delhi:

Shares of eight of the ten listed companies of the Adani Group ended with features on Tuesday after taking a beating in latest periods.

Adani Enterprises inventory jumped 14.22 per cent to settle at Rs 1,364.05 on the BSE. During the day, it rallied 19 per cent to Rs 1,421.95.

Shares of Adani Ports climbed 5.44 per cent, Adani Green Energy gained 5 per cent, Adani Wilmar rose 5 per cent and NDTV gained 4.99 per cent.

Adani Power superior 4.98 per cent, Ambuja Cements (3.75 per cent) and ACC (2.24 per cent).

However, Adani Transmission fell 5 per cent and Adani Total Gas declined 4.99 per cent.

In the fairness market, the BSE Sensex declined 326.23 factors or 0.55 per cent to settle at 58,962.12 factors. The NSE Nifty dropped 88.75 factors or 0.51 per cent to 17,303.95 factors.

“The destructive takeaway was that Nifty witnessed drubbing regardless of Adani Group shares bouncing sharply increased in at the moment’s commerce,” Prashanth Tapse – Research Analyst, Senior VP (Research) at Mehta Equities Ltd, mentioned.

Nine out of the ten listed companies of the Adani Group closed within the purple on Monday, with the flagship Adani Enterprises tumbling over 9 per cent.

Majority of the Adani Group companies had ended decrease on Friday as effectively.

Adani Group shares have taken a beating on the exchanges after US-based brief vendor Hindenburg Research final month made a litany of allegations, together with fraudulent transactions and share-price manipulation, in opposition to it.

The group has dismissed the fees as lies, saying it complies with all legal guidelines and disclosure necessities. The group corporations have suffered a cumulative loss in market worth at over $140 billion.

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

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