New Delhi: After a series of downfalls in the stock market, Adani Group has now started to gain some share price in the listed companies. Adani Enterprises, Adani Green Energy, and Adani Ports and Special Economic Zone (APSEZ) showed about a 4-6 percent rise in share prices on March 15. Adani Wilmar, Adani Transmission, and Ambuja Cements were also on the positive side today.
The Adani Enterprises’ share price touched Rs 1838 which is a rise of 99.80 points (5.74%), while APSEZ and Adani Green Energy are trading at Rs 681.95 and Rs 741.40 respectively. Adani Wilmar showed a 1.93 percent rise on March 15.
While Adani Group’s shares tanked on March 14, the rise in the share prices shows confidence in investors amid the controversy. Recently, the conglomerate said it has repaid loans aggregating $2.65 billion (Rs 21944.12 crore) to complete a prepayment program and this could be a step to win back investor trust.
On the other hand, the share price of Adani Total Gas fell by 5 percent at NSE and by 3.05 percent at BSE. Adani Power’s shares also fell by 2.23 percent at NSE and 1.27 percent at BSE.
Adani Group’s shares are trading at a bit higher price at the Bombay Stock Exchange as compared to the National Stock Exchange.
Following the controversy over the stock and accounts manipulation allegations laid by Hindenburg Research, the Supreme Court set up an expert committee and directed SEBI to probe the case. The opposition leaders also marched to the ED office today demanding an investigation into the case.
Overall, Sensex fell by 344.29 points to 57,555.90 and the Nifty 50 fell to 16,972.15, by 71.15 points.
