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Adani Group Stocks: Adani Group shares are still on a flight. The rally that took place on Friday continues today i.e. Monday. Adani Power, the cheapest Adani Group stock, rose 4.20 percent to Rs. 317.40. Adani Enterprises is trading up 1.73 percent. Now it has reached Rs.2622.
Adani Green gained 1.48 percent. Now it has reached Rs 1009.50. Adani Wilmar rose 1.36 percent in early trade today at Rs. is trading at 387.15. Today Adani Port rose 2.07 percent to Rs. was at 853.10. Adani Total Gas rose 1.58 percent to Rs. 664.85 has been reached.
Also read: Adani’s company plans to expand as soon as it gets the loan, spending ₹ 2000 crore
Adani Energy Solutions also gained 3.98 percent and is now trading at Rs. was at 906.60. NDTV green mark with Rs. was trading at 226.35. Ambuja Cement and ACC were also showing green signal.
Why boom?
- US-based investment firm GQG Partners has increased its stake in Adani Ports and Special Economic Zone to over five percent.
- Adani Electricity, an Adani Group company, aims to strengthen its network in Mumbai by investing Rs. 2,000 crore is being invested. The company last week raised Rs 100 crore from international lenders through its parent company Adani Transmission’s projects. 1,700 crore was successful in getting a loan.
- TAQA, one of the largest integrated utilities in Europe, Middle East and Africa and the second largest stock on the Abu Dhabi Securities Exchange (ADX), is keen to invest $1.5-2.5 billion in Adani Group companies.
- Mundra Solar Energy, an associate firm of the Adani Group, has received approval from the Solar Energy Corporation of India (SECI) for its solar photovoltaic manufacturing plant at Mundra in Gujarat. The capacity of the plant is 2.0 GW per annum.