Shares of Adani Group rose.
New Delhi:
Shares of several Adani Group companies are trading briskly today. Shares of the companies are trading in the green mark indicating that the group is moving from strength to strength. Investors continue to trust Adani Group. The mood of the stock market was a bit flat this morning, but at 11.30 am the market is seeing a rally. The Sensex maintained its gain of 229 points and was trading at 65060 while the Nifty was trading at 19338 with an increase of 84 points.
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At the same time, Adani Group shares are also seeing a rise. At this time Adani Group’s flagship company Adani Enterprises was trading at 2429, up 0.41 percent to 9.75. Shares of Adani Ports also saw a sharp rise. The stock was trading at 792.50. Shares of Adani Transmission were trading up 0.22 per cent or 2.50 points at 814.40. Ambuja Cement was also on the upswing, with the stock also trading up 0.80 to 420.25. Shares of Adani Group’s media company NDTV are also seeing an increase. The stock was also trading at 214.70 with an increase of 0.19 percent.
Adani Group shares rise.
Some of the group companies are currently trading in red flag.
It may be noted that economic growth of 7.8 percent in the April-June quarter has boosted investor sentiment. This is the highest growth rate in the last four quarters. BSE’s 30-share Sensex rose 142.02 points to 64,973.43 in early trade. The NSE Nifty rose 57.60 points to 19,311.40.
Shares hit record highs following a share buyback offer by the Bombay Stock Exchange (BSE).
Let us tell you that after the Bombay Stock Exchange (BSE) increased the share buyback offer price today, the shares of the company reached a record high. The company priced the buyback offer at Rs. 816 to Rs. 1,080 has been done. According to the exchange filing given to NSE, the maximum amount of buyback has gone up to Rs 374.8 crore.
The company will purchase 34.7 lakh equity shares through this buyback, which is 2.56% of the total equity.
Currently, the company’s stock is up 4.8% at Rs. is trading at 1,113.8. It rose 5.58% intraday to Rs. 1,122 was reached.
Out of 6 analysts covering the company, 3 recommend buying the company’s stock and 3 recommend holding it.
(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani group company.)