Shares of nine out of 10 listed companies of the Adani group saw a huge jump on Wednesday. It was led by Adani Green Energy and Adani Ports.
Shares of group companies fell on Tuesday amid the announcement of election results, but rebounded on Wednesday.
Nine companies out of 10 listed companies of the Adani Group recorded gains. On the Mumbai Stock Exchange (BSE), Adani Green Energy gained 11.01 percent, Adani Ports and Special Economic Zone gained 8.59 percent, Ambuja Cements gained 7.47 percent and group flagship Adani Enterprises gained 6.02 percent.
At the same time, a rise of 5.20 percent was recorded in the shares of ACC, a rise of 3.26 percent in NDTV and a rise of 2.67 percent in Adani Total Gas.
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Shares of Adani Wilmar rose 0.77 percent and Adani Power rose 0.32 percent.
At the close of business on Wednesday, the total market valuation of the Adani group of companies has crossed Rs 15,57,765 crore. Stock markets on Tuesday saw a steep decline amid political uncertainty, which led to heavy losses for Adani group companies.
However, the portfolio bounced significantly on Wednesday. Investors made a profit of more than 12 lakh crore rupees in a single session in the market.
The 30-share BSE Sensex recovered from Tuesday’s decline to close 2,303.19 points higher at 74,382.24 on Wednesday. Indian indices saw a jump of over Rs 12 lakh crore or 3.25 percent on Monday.
