Adani Ports, Green, Ambuja rise up to 8% post Q3; Adani Ent jumps 12%

Shares of Adani Ports and Special Economic Zone (APSEZ), Ambuja Cements, and Adani Green Energy rose up to 6% in opening trade on Wednesday after they released their earnings for the December quarter. Similarly, all other Adani group shares also opened higher, barring Adani Total Gas, which hit a 5% lower circuit for the fourth straight session. APSEZ shares opened 2.1% higher at ₹565 against the previous closing price of ₹553.30. The stock gained as much as 7.6% to ₹597, while the market capitalisation rose to ₹1.29 lakh crore. The counter has been rising for the last four sessions and added 29% during this period, from ₹462.45 on February 2. Ambuja Cements surged 3.6% to hit a high of ₹397.55 against the previous closing price of ₹383.70 on the BSE. The stock has been gaining since February 2 and jumped nearly 19% during this period. Snapping five sessions losing streak, Adani Green Energy share price climbed 3.2% to ₹869.90 in the early trade after opening lower at ₹830 against the previous closing price of ₹843.20 on the BSE. In the last five trading days, the stock has lost 29% in market value.