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Adani Enterprise Shares: Adani Enterprises share Rs. It hit a three-month high of 2,720.65. The rally in the company’s shares came after a news report that the promoters had raised stakes. The stock of Gautam Adani Group’s flagship company was trading at its highest level since May 24, 2023. It is trading higher for the fourth consecutive day and has gained 11 percent during the period.
The promoters increased the stake
The promoter group led by billionaire Gautam Adani has increased its stake in Adani Enterprises, the parent company of the Adani Group, to 69.87 percent. In a notice to the stock market, Adani Enterprises Ltd said that the promoter group has increased its stake in the company from 67.85 per cent to 69.87 per cent.
Stock position of the company
Shares of Adani Enterprises have fallen 29.97% year-to-date YTD. It has decreased by 11.85 percent in one year. However, the stock has gained 91.47% in the last six months. The stock has gained 1,188.24% in five years. Meanwhile, its price has increased from Rs 208 to Rs 2,689.85.