With the beginning in the stock market, there has been a tremendous jump of 20 percent in the shares of Adani Enterprises.
The company’s stock reached Rs 1965 from Rs 1017
On Friday, shares of Adani Enterprises Plunged 35 percent on sharp selling and touched the lower circuit of Rs 1,017. This is also a new 52-week low for the company’s shares. On Tuesday, shares of Adani Enterprises gained 25 per cent to touch a high of Rs 1965.50. In this way, the shares of Adani Enterprises have climbed more than 93 per cent from Friday’s low (Rs 1017). Shares of Adani Enterprises closed at Rs 1802.50 on Tuesday, up over 14 per cent.
There has been a tremendous jump in the shares of Adani Group companies today. Most of the Adani Group companies are trading in the green today. In today’s business, the shares of Adani Group have seen a rise of up to 25 percent. During this, the maximum speed is being seen in the shares of Adani Enterprises. The shares of this company have jumped up to 25 per cent today. With this, the market cap of the company has also increased to Rs 2.06 lakh crore.
Let us tell you that earlier on Monday, the promoters of Adani group companies paid $ 1.1 billion i.e. about Rs 9,000 crore ahead of time to redeem the pledged shares. In view of the ongoing volatility in the stock market, the promoters decided to encash the pledged shares of the three companies before the maturity date of September 2024. Due to which the attitude of investors changed.
The quarterly results of three Adani Group companies are going to be announced today. Adani Green Energy, Adani Ports & SEZ and Ambuja Cements will announce their December quarter results today. Because of this, Adani Group shares will be in focus in today’s trading session.