Shares of Adani Group companies are rising in morning trade

India economy



Shares of Adani group companies continued to attract strong demand in morning trade on Tuesday, with Adani Total Gas rising almost 20 percent. All ten listed group companies posted sharp gains in morning trading, defying a subdued trend in the stock market.

Shares of Adani Total Gas rose 19.61 percent, Adani Energy Solutions rose 13 percent, Adani Power rose 8.46 percent, Adani Green Energy rose 7.84 percent, Adani Enterprises climbed 7 percent, Adani Wilmar advanced up 6.86 percent and NDTV rose 6.86 percent. rose 6.42 percent on the BSE.

Adani Ports gained 3.71 percent, Ambuja Cements climbed 3.66 percent and ACC rose 2.86 percent.

Share prices of Adani group companies also soared on Friday as the Supreme Court heard and reserved its judgment on a batch of petitions seeking investigation into allegations of fraud against the conglomerate.

On Friday, nine of the 10 listed group companies ended in the green, adding Rs 14,786 crore to their combined market capitalization, exchange data showed.

Stock markets were closed on Monday for Guru Nanak Jayanti. In the broader stock market, benchmark indices experienced heavy volatile trends and traded between highs and lows.

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

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