Tremendous rise in Adani Group's shares, Adani Energy's stock jumped 8 percent

Share Market Today: After the election results, there has been a rise in the stock market today. Today Adani Group shares are trading rapidly. This afternoon, Adani Energy stocks started trading with a rise of 8 per cent. Let us know at what price the shares of which companies of Adani Groups are trading.

Dec 4, 2023 - 15:36
Tremendous rise in Adani Group's shares, Adani Energy's stock jumped 8 percent

The stock market is trading on the green mark in Monday's trading session. There has been a rise in the shares of Adani Groups since this morning. Due to ongoing demand from investors, shares of Adani Energy had risen by more than 8 per cent in the afternoon session.

The rally in all 10 listed group companies reflected a broader bounce in the stock markets. Investors are quite optimistic about the return of the BJP government to power in 2024 after the victory of the BJP party in the assembly elections of three major states of the country.

The combined market capitalization of all the listed companies of Adani Group reached the figure of Rs 12 lakh crore. This is the first time that Adani Group shares have touched the Rs 12 lakh crore mark. Earlier this year, there was a report by American short-seller Hindenburg Research. In this report, Adani Groups were accused of financial wrongdoing and stock manipulation. However, the company has denied all these allegations.

Today Adani Green Energy shares rose 8 percent to Rs 1,108.65. At the same time, shares of Adani Group's flagship company Adani Enterprises rose by 6.61 percent to Rs 2,518.55 and ACC rose by 6.35 percent to Rs 2,021 per share.

Adani Energy Solutions rose 6.16 per cent to Rs 908.65 per share and Ambuja Cements rose 6.06 per cent to Rs 468.90 per share. While Adani Power rose 5.59 per cent to Rs 464.80 per unit, Adani Ports and Special Economic Zone (APSEZ) rose 5.58 per cent to Rs 873.75 per share.

Apart from this, shares of Adani Total Gas jumped 4.38 per cent to Rs 731.95, NDTV rose 4.13 per cent to Rs 228.10 and Adani Wilmar rose 2.50 per cent to Rs 348.95 per share.

Share prices of Adani Group companies have been rising since last week after the Supreme Court on November 24 reserved its verdict on petitions seeking a probe into fraud allegations against the group.

Muskan Kumawat Journalist & Content Writer