Shares of Adani Group caught speed, Adani Green jumped more than 7%, market cap crosses 11.53 lakh crores


New Delhi:

In the Indian stock market, on March 5, on March 5, the shares of Adani Group (Adani Group) are getting a great boom. Stocks of all companies of Adani Group are trading in green mark. After the early morning lead, Adani Group shares gained momentum and all the major stocks are trading in the green mark.

Adani Green Energy jumped more than 7%

At 11:15 am, Adani Green Energy recorded the highest growth of 7.34% and reached the level of ₹ 824.95. After this, Adani Energy Solutions is trading at ₹ 690.30 with a strength of 6.75%. While Adani Wilmar is trading at ₹ 254.56 with a gain of 6.12%. The stock of NDTV is also performing brilliantly and trading at ₹ 120.29 with a gain of 5.89%.

Adani Total Gas is trading at ₹ 572.55 with a gain of 4.64%. Flagship company Adani Enterprises has also reached a level of ₹ 2,228.50, which reflects the growth of 3.90%. Trade at ₹ 501.85, while Adani Ports also performed well and trading at ₹ 1,097.40, which saw a rise of 3.73%. Ambuja Cements was seen with a level of ₹ 482.15 with a gain of 1.51%, while the ACC share has reached ₹ 1,852.00, which is trading with a rise of 1.27%.

The market cap of the listed companies of Adani Group has increased more than Rs 48,000 crore due to the boom in the stocks, due to which the total market cap has increased to Rs 11.53 lakh crore.

Most edge shares

In early trade, Adani Wilmarr attracted the attention of investors, which recorded a strong lead of more than 5 percent. Apart from this, Adani Green Energy and Adani Energy Solutions were also trading with great speed.

Apart from Adani Wilmar, Adani Green Energy and Adani Energy Solutions bounce the most in today’s business. Adani Green Energy recorded a rise of 4.20% and Adani Energy Solutions 3.64%.

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Why did Adani Wilmar caught the speed?

Adani Wilmar shares saw a tremendous bounce today, as the company has announced the acquisition of GD Foods Manufacturing (India). This company is the owner of the ‘TOPS’ brand, which is a big name in the field of food products. The acquisition will be in two phases, 80% stake will be taken in the first phase and the remaining 20% ​​will be purchased in the next three years. Due to this big deal, investors’ interest in Stocks of Adani Wilmar has increased.

At the same time, Jefferies has given his opinion on Adani Wilmer and has kept the target price of Rs 370 and has given a ‘BUY’ rating. The company has recently announced the acquisition of a top brand. According to Jefferies, Adani Wilmer is now focusing more on packaged foods category rather than oils, changing her strategy. This change is considered an important step for the future development of the company.

Adani group dominated the market

Most of the shares of Adani Group have shown strength in today’s business. Apart from the great edge of Adani Wilmar, stocks like Adani Green Energy, Adani Energy Solutions and Adani Enterprises are also performing well. The confidence of investors has been strengthened by the ever -increasing expansion and acquisition of Adani group companies.

(Disclaimer: New Delhi Television is a Subsidiya of Amg Media Networks Limited, an adani group company.)


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