The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad.
| Photo Credit: REUTERS
Shares of nine of the 11 listed Adani Group firms were trading higher during morning trade on Thursday (November 28, 2024), with Adani Total Gas soaring nearly 19 per cent.
The stocks of Adani Total Gas soared 18.58 per cent, Adani Power zoomed 11.44 per cent, Adani Energy Solutions jumped 9.99 per cent and Adani Green Energy surged 9.99 per cent on the BSE.
Also read:Adani Green denies bribery and U.S. FCPA violation charges; stocks recover sharply
Shares of Adani Enterprises climbed 5.32 per cent, NDTV (3.35 per cent), Adani Wilmar (3.17 per cent), Adani Ports (2.25 per cent) and Sanghi Industries (2.19 per cent).
Adani Energy Solutions and Adani Green Energy also hit their highest trading permissible limit for the day.
However, ACC and Ambuja Cements were trading marginally lower.
The BSE benchmark Sensex traded 688.82 points lower at 79,545.26 and the NSE Nifty quoted 222.20 points lower at 24,052.70.
On Wednesday, shares of all Adani Group firms ended sharply higher, with Adani Total Gas and Adani Power soaring nearly 20 per cent.
On November 27, the firm said Adani Green Energy chairman Gautam Adani and other employees have not been charged for bribery or any violations of the U.S. Foreign Corrupt Practices Act (FCPA), in its first counter to the U.S. Court indictment and the civil charges pressed by the American market regulator that became public on November 21, 2024.
It also told the stock exchange that the indictment would not have any financial implications for the company as it does not quantify any penalty.
Adani Group stocks subsequently recovered ground in Wednesday’s (November 27, 2024) trading.
Published – November 28, 2024 11:57 am IST