Adani Power, Adani Energy stocks bounce back, rise up to 8%

By
Ziraat Times
-

Mumbai: Shares of Adani group companies such as Adani Energy Solutions Ltd, Adani Green Energy Ltd, Adani Power Ltd, Adani Enterprises Ltd and Adani Total Gas Ltd climbed up to 5 per cent and extended their recent recovery after the Adani group clarification on US bribery case.  

Shares of Adani Energy Solutions Ltd were trading 6.55 per cent higher at Rs 704.55. Adani Green Energy Ltd jumped 5.51 per cent to Rs 1,043.85. The two stocks have been put under the first stage of the short-term additional surveillance measures (ASM stage-1) on NSE and BSE. 

Adani Power climbed 5.15 per cent to Rs 550.75. Adani Total Gas soared 8.82 per cent to Rs 752.70. The flagship Adani Enterprises gained 1.46 p cent to Rs 2,433.30. Adani Wilmar added 0.44 per cent to Rs 316.30. ACC, NDTV and Ambuja Cements shares were flat, while Sanghi Industries and Adani Ports gained 1 per cent each.  Adani stocks have been on a recovery mode even since the group clarified that there are no bribery charges against Gautam Adani, his nephew and other group executives.

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