Mumbai, May 12 (IANS). Due to the widespread bounce in the market due to the global and domestic signals, the shares of Adani Group recorded a tremendous jump on Monday.
Several positive developments, including a ceasefire between India and Pakistan, progress in the US-China trade talks and the signs of reduced geopolitical tension in Eastern Europe, accelerated the perception of investors.
Among the group companies, Adani Energy Solutions Limited led the boom, leaping by Rs 8.33 per cent or Rs 68.90 to Rs 896 per share, which is the most intra-day benefit within the group.
Group’s leading company, Adani Enterprises Limited (AEL) also performed strongly and closed at Rs 2,425 per share at the end of the day with a gain of 7.73 percent or Rs 174.
Adani Green Energy was one of the best performing companies closing at Rs 6.84 per cent or Rs 60.15 to Rs 939.6 per share.
Adani Power Limited rose by 6.76 percent or Rs 34.6 to Rs 546.6 per share.
Meanwhile, Adani Ports and Special Economic Zone Limited recorded an increase of Rs 4.23 per cent or Rs 55.2, which closed at Rs 1,361.5 per share.
Adani Total Gas Limited increased by Rs 4.98 per cent or Rs 29.95 to Rs 631.05 per share, which led to more contribution to the group’s overall rise.
Other companies of Adani Group also recorded a great jump. Sanghi Industries Limited rose by Rs 3.73 per cent or Rs 2.18 to Rs 60.70 per share, NDTV Limited rose by Rs 3.45 per cent or Rs 4.05 to Rs 121.40 per share and Cement chief ACC Limited increased by 2.67 per cent or Rs 48.3 to Rs 1,859.9 per share.
Meanwhile, the Indian stock market recorded its best single-day performance in four years, with the Sensex rising 2,975.43 points or 3.74 percent to close at 82,429.90 and the Nifty climbed 916.70 points or 3.82 percent to close at 24,924.70.
-IANS
SKT/ABM
