7 months ago
Adani Group Stocks Rally Up to 5%
On Monday, several companies from the Adani Group saw their stock prices go up by as much as 5%.
Adani Green Energy had the biggest increase, rising by 4.56%.
Adani Ports also did well, going up by 3.35%.
Other companies like Adani Enterprises, Adani Energy Solutions, Adani Total Gas, and Adani Power also saw their stock prices increase.
This happened because stock exchanges wanted more information about a news report saying the Adani Group might borrow money in Japan.
Some other companies that the Adani Group owns, like ACC and Ambuja Cements, also saw their stock prices go up a bit before they went back down.
A company called Citi thinks ACC's stock price might not go as high as before because of a merger.
Adani Group stocks rallied up to 5% on Monday.
Adani Green Energy was the top gainer, surging 4.56% to Rs 842.20.
Adani Ports & Special Economic Zone gained 3.35% to Rs 1,384.
Adani Enterprises, Adani Energy Solutions, Adani Total Gas, and Adani Power also saw gains.
Exchanges sought clarification from Adani Group companies over a report about potential entry into Japanese debt markets.
- Who
- Adani Group companies, including Adani Green Energy, Adani Ports, Adani Enterprises, Adani Energy Solutions, Adani Total Gas, and Adani Power
- What
- Stock rally up to 5%
- Where
- Indian stock markets
- When
- Monday
- Why
- Exchanges sought clarification over a report about Adani Group's potential entry into the Japanese debt markets
Key facts
- Adani Green Energy
- Rs 842.20 (up 4.56%)
- Adani Ports & Special Economic Zone
- Rs 1,384 (up 3.35%)
- Adani Enterprises
- Rs 1,980.15 (up 2%)
- Adani Energy Solutions
- Rs 861.60 (up 1.8%)
- Adani Total Gas
- Up 1.6%
- Adani Power
- Up 1.35%
- Citi's Target Price for ACC
- Rs 1,755 (from Rs 2,750)
