
Adani Group stocks rise up to 5%, all ten counters in green; here’s why
Shares of three Adani Group companies - Adani Transmission, Adani Total Gas and Adani Green Energy - hit their respective 5% upper circuit limits.
Shares of three Adani Group companies - Adani Transmission, Adani Total Gas and Adani Green Energy - hit their respective 5% upper circuit limits.
In November last year, Adani Power signed a pact to sell its 100% stake in its wholly-owned subsidiary SPPL to ACX.
The Adani Power stock was moved out of short-term additional surveillance measures framework by the NSE last week.
The NSE has placed Adani Enterprises, Adani Power, and Adani Wilmar under the short-term ASM framework from March 9.
Of the nine Adani group stocks, 7 were trading higher amid report that Gautam Adani-led conglomerate is planning to prepay its loans.
Adani Power stops 5-day losing streak; hits upper circuit as investors buy the stock that has lost 45% in value in less than a month
Adani Total Gas, Adani Green Energy, Adani Transmission, Adani Power, and NDTV hit their 5% lower circuit limits on Monday.
Bucking the trend, Adani Wilmar shares jumped 5% as investors cheered the FMCG major’s third quarter earnings.
"If Adani is serious, it should also file suit in the U.S. where we operate. We have a long list of documents we would demand in a legal discovery process," says Hindenburg Research.
These new subsidiaries are Adani Renewable Energy Thirty Six, Adani Renewable Energy Forty Ltd, and Adani Renewable Energy Forty Seven Ltd.