Nine Adani Group firms trade higher; Adani Total Gas soars nearly 19%

The logo of the Adani Group is seen connected the facade of 1 of its buildings connected the outskirts of Ahmedabad. | Photo Credit: REUTERS

Shares of 9 of the 11 listed Adani Group firms were trading higher during greeting commercialized connected Thursday (November 28, 2024), with Adani Total Gas soaring astir 19 per cent.

The stocks of Adani Total Gas soared 18.58 per cent, Adani Power zoomed 11.44 per cent, Adani Energy Solutions jumped 9.99 per cent and Adani Green Energy surged 9.99 per cent connected the BSE.

Also read:Adani Green denies bribery and U.S. FCPA usurpation charges; stocks retrieve sharply

Shares of Adani Enterprises climbed 5.32 per cent, NDTV (3.35 per cent), Adani Wilmar (3.17 per cent), Adani Ports (2.25 per cent) and Sanghi Industries (2.19 per cent).

Adani Energy Solutions and Adani Green Energy besides deed their highest trading permissible bounds for the day.

However, ACC and Ambuja Cements were trading marginally lower.

The BSE benchmark Sensex traded 688.82 points little astatine 79,545.26 and the NSE Nifty quoted 222.20 points little astatine 24,052.70.

On Wednesday, shares of each Adani Group firms ended sharply higher, with Adani Total Gas and Adani Power soaring astir 20 per cent.

On November 27, the steadfast said Adani Green Energy president Gautam Adani and different employees person not been charged for bribery oregon immoderate violations of the U.S. Foreign Corrupt Practices Act (FCPA), successful its archetypal antagonistic to the U.S. Court indictment and the civilian charges pressed by the American marketplace regulator that became nationalist connected November 21, 2024.

It besides told the banal speech that the indictment would not person immoderate fiscal implications for the institution arsenic it does not quantify immoderate penalty.

Adani Group stocks subsequently recovered crushed successful Wednesday’s (November 27, 2024) trading.

Published - November 28, 2024 11:57 americium IST