On Tuesday, January 14, there was a lot of purchasing activity in the shares of Adani group firms, and all of the group companies were trading higher.
Today, all 10 of the Adani group’s equities increased, reaching an 18% gain. Adani Power equities were the biggest winners, rising more than 18% to ₹532.95 per on the NSE. Adani Green Energy and Adani Energy Solutions, which both saw increases of more than 12%, came next.
On the NSE, Adani Green’s shares was trading at ₹1,002.85, while Adani Energy Solutions’ was trading at ₹773.55.
The price of NDTV shares jumped 9% to ₹152.10, while the price of Adani Total Gas shares jumped over 9% to ₹687.60 each. Adani Enterprises, the flagship company of the Adani group and a member of the Nifty 50 pack, increased by 8.50% to trade at ₹2,414.25 per share around 11.05 am.
Sanghi Industries, Ambuja Cement, Adani Ports, and ACC all saw gains of four to five percent. After two sessions of bear hammering following the introduction of its offer for sale, Adani Wilmar, where the business is aiming to exit, also recovered and gained almost 3%.
Why are shares of Adani Group increasing?
Market analysts claim that the increase in Adani Group shares comes after a flurry of speculation over fundraising plans.
According to Anshul Jain, Head of Research at Lakshmishree Investment and Securities, speculation about the financing is driving up shares of the Adani group.
“We are seeing new buying interest in Adani group shares because the market anticipates Donald Trump’s return to the White House will make it easier for the Adani group to raise overseas funds,” Jain added.
Mint was unable to confirm this report on its own. A representative for the Adani Group said that the company is actively involved in talks with different institutions as part of its regular commercial operations, but he declined to comment on the development.
Despite the fact that shares of the Adani group are rising, analysts cautioned against making any further purchases because the gains were speculative.
“Until there is an official notification in this regard, it is not advisable to make any new purchases as Adani Group shares are increasing due to speculation. I advise new investors to hold off until the Adani group makes an official announcement. Mahesh M. Ojha, AVP—Research at Hensex Securities, advised anyone exposed to Adani group shares to keep their investments and maintain a rigorous stop loss.
