Eight shares of Adani Group were reported as profitable; Adani Enterprises rallied over 5%

New Delhi:

Shares of eight listed Adani group firms ended higher on Wednesday, with flagship company Adani Enterprises snapping a four-day losing streak to rise more than 5 percent.

At the time of the closure, eight of the group’s firms ended up in the green, and two were loss-making.

Shares of Adani Enterprises Ltd (AEL) rose 5.81 percent to Rs 1,838.80 apiece on the BSE. During the day, the scrip touched an intraday high of Rs 1,891.10 or 8.83 percent. Its market price has gone up to Rs 2.09 lakh.

The flagship firm has bucked the downward trend amid volatile stock markets in the last four trading sessions.

Adani Ports and Special Economic Zone (APSEZ) rose 3.81 percent to close at Rs 679.10, Adani Transmission rose 3.27 percent to end at Rs 931, while Ambuja Cements rose 3.28 percent to close at Rs 364.95.

Meanwhile, shares of Adani Green Energy rose 4.94 percent to close at Rs 740.95, Adani Wilmar gained 3.12 percent to close at Rs 426.70 and NDTV gained 0.85 percent to close at Rs 212.85. The scrips of these companies hit higher price bands on BSE.

ACC also rose 0.11 to settle at Rs 1,740.40 per share.

On the other hand, shares of Adani Total Gas fell 3.05 percent to end at Rs 918.85, while Adani Power fell 1.27 percent to close at Rs 202.15. Shares of these companies have also touched their respective low price ranges on the BSE.

The 30-share BSE Sensex closed down 344.29 points, or 0.59 percent, at 57,555.90. The broader NSE Nifty was down 71.15 points, or 0.42 percent, at 16,972.15.

Shares of all ten Adani group firms fell on Tuesday, with flagship firm Adani Enterprises falling more than 7 percent amid a weak trend in equity markets.

After battering the stock market, the group’s shares recovered following a report by US-based short seller Hindenburg Research. However, the group’s shares have fallen in the last few trading sessions amid sluggish trends in the broader market.

The report made numerous allegations against him, including fraudulent transactions and stock price manipulation.

The group has denied the allegations as false, saying it complies with all laws and disclosure requirements.

(Except for the headline, this story was not edited by NDTV staff and was published on a syndicated channel.)

(Disclaimer: New Delhi Television is AMG Media Networks Limited, a subsidiary of Adani Group.)

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