Mumbai, November 22 (IANS). Buying was seen in shares of Adani Group companies on Friday. The rally was led by the group’s cement companies.
Shares of Ambuja Cement and ACC led the rise and both the stocks closed 3.81 per cent and 3.30 per cent higher respectively.
Shares of the group’s flagship company Adani Enterprises rose by 2.12 percent and shares of Adani Ports rose by 2.09 percent.
Apart from this, shares of Adani Total Gas and NDTV closed with increases of 1.51 percent and 0.85 percent respectively.
Following the allegations by the US government department, there was a huge fall in the shares of Adani Group on Thursday. However, the group has denied all the allegations, calling them baseless.
“The allegations made by the US Department of Justice and the US Securities and Exchange Commission against the directors of Adani Green are baseless,” an Adani Group spokesperson said in a statement.
“As the U.S. Department of Justice itself states, the indictment contains charges and defendants are presumed innocent unless and until proven guilty,” the spokesperson said.
The company spokesperson further said, “Adani Group has always been committed to maintaining the highest standards of governance, transparency and regulatory compliance in all areas of its operations.”
“We assure all of our stakeholders, partners and employees that we are a law-abiding organization that fully complies with all laws,” the spokesperson said.
Due to strong labor market data in America, strong buying was seen in the stock market on Friday. Sensex and Nifty closed with gains of more than 2 percent.
The Sensex closed at 79,117.11, up 1,961.32 points or 2.54 per cent, and the Nifty closed at 23,907.25, up 557.35 points or 2.39 per cent.
–IANS
ABS/ABM
