City
Epaper

Shares of Adani Portfolio companies rebound, led by Adani Green

By IANS | Updated: June 5, 2024 17:35 IST

Mumbai, June 5 The shares of Adani Group's portfolio of companies made a strong comeback on Wednesday, led ...

Open in App

Mumbai, June 5 The shares of Adani Group's portfolio of companies made a strong comeback on Wednesday, led by Adani Green Energy and Adani Ports, as the stock markets recovered from Tuesday's losses.

Nine of the 10 listed Adani companies ended with gains, led by Adani Green Energy at 11.01 per cent, and Adani Ports and Special Economic Zone at 8.59 per cent.

Ambuja Cements jumped 7.47 per cent and the flagship Adani Enterprises zoomed up 6.02 per cent. While ACC stock went up 5.20 per cent, NDTV jumped 3.26 per cent, and Adani Total Gas climbed 2.67 per cent.

The shares of Adani Wilmar climbed 0.77 per cent and Adani Power went up by 0.32 per cent.

The combined market valuation of the Adani Group companies stood at over Rs 15,57,765 crore. On Tuesday, the Adani Group companies saw heavy losses as stock markets tanked amid political uncertainty. However, the portfolio gained significantly on Wednesday as investors gained over Rs 12 lakh crore in the market in a single session.

On Monday, the Indian indices had gained over Rs 12 lakh crore, or 3.25 per cent as fundamentals, technicals and sentiments turned favourable at the same time.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalUS President Trump, First Lady Melania arrive at Winfield House in London

InternationalMalta keen on India-EU FTA negotiations, looking to expand trade: Ambassador Reuben Gauci

International"We have a deal on TikTok, will speak to Xi Jinping to confirm everything up," says Trump

InternationalMoS Pabitra Margherita meets Australia PM Albanese at Port Moresby during Papua New Guinea I-day celebrations

Other SportsAsia Cup: Richie Richardson likely to officiate Pakistan–UAE clash, say sources

Business Realted Stories

BusinessSunil Bharti Mittal lauds PM Modi’s forward-thinking, technology-first approach

BusinessIdentifying the road ahead for India-US trade talks

BusinessIndia’s maritime sector set to attract Rs 80 lakh crore investment, create 1.5 crore jobs: Sonowal

BusinessGlobal chip design giants coming to India as talent pipeline strengthens: Vaishnaw

BusinessEvery interaction with PM Modi filled with learning and inspiration: Uday Kotak