Adani Enterprises zooms 43% in 5 days; group mcap jumps over ₹1.42 lakh crore

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Shares of Gautam Adani's flagship entity, Adani Enterprises, have rallied 43.28 17 per cent in the last five days amid positive news flows about the company. In three trading sessions, the combined market valuation of the ten listed companies have jumped more than ₹1.42 lakh crore.

Adani Enterprises jumped nearly 17 per cent to settle at ₹1,879.35 on the BSE on Friday after US boutique investment firm GQG Partners' 15,446 investment in group stocks. During the day, it jumped 18.56 per cent to ₹1,905.

Besides, stocks of Adani Ports rallied 9.81 per cent, Ambuja Cements climbed 5.70 per cent, ACC advanced 5.11 per cent, Adani Transmission jumped 5 per cent, Adani Green Energy rose 5 per cent and Adani Total Gas gained 5 per cent.

Shares of Adani Power jumped 4.99 per cent, Adani Wilmar climbed 4.99 per cent and NDTV went up 4.98 per cent.

Most of the Adani Group companies also hit their upper circuit limits in Friday's morning trade.

In the broader market, the BSE Sensex zoomed 899.62 points or 1.53 per cent to settle at 59,808.97 points.

(With inputs from agencies)

 

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