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Adani Enterprises shares rise over 30% in two days; group m-cap jumps ₹39,000 cr

01 Mar 2023 Zinkpot 153

Mint - Shares of all ten listed companies of the Adani Group climbed for the second straight day on Wednesday after taking a beating in recent sessions. The conglomerate's combined market capitalization jumped by ₹39,000 crore to above ₹7.50 lakh crore mark in today's trade. Read more

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  •  Shares of Adani Group's flagship Adani Enterprises jumped 15.78% to settle at ₹1,579.00 on the NSE. The stock has rallied over 30% in last 2 days.
  • Shares of Adani ports climbed 2.64% to ₹608.25, Ambuja Cements rose 2.27% to ₹349.80, while ACC climbed 1.33% to ₹1,755.25.
  • Meanwhile, six group stocks - Adani Transmission, Adani Total Gas, Adani Wilmar, Adani Green Energy, NDTV and Adani Power - were locked in 5% upper circuit limits.
  • The shares of all Adani Group companies jumped in Wednesday's trade amid reports that the empire has received firm commitment of $800m debt facility, which will be used to refinance the Adani Green Energy's $750 million 4.375% bond due in September 2024.
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