All Adani Group stocks were in the green on March 5 amid multiple triggers for the power-to-airport conglomerate.
Adani Green Energy and Adani Energy Solution led the rally in Adani stocks and rose 8% to trade at Rs 829 and Rs 700 per share, respectively.
Shares of Adani Enterprises, the flagship arm of the Adani Group, were trading 4% higher at Rs 2,231.65 per share on the NSE after a large block trade.
According to BSE data, 84,48,975 shares worth Rs 1,832 crore were trading at Rs 2,168.10 per share on Wednesday. The official buyers and sellers of the block deal are not yet known.
At 12:55 pm on March 5, Adani Ports was trading 4.6% higher at Rs 1,106. The surge comes on a day when the broader markets witnessed widespread buying, with the Sensex gaining over 900 points and the Nifty jumping over 1.3%.
Ambuja Cements shares were trading 2% higher at Rs 485, a day after the CCI allowed it to acquire up to 72.8% stake in Orient Cement. Adani Total Gas, ACC and NDTV also witnessed positive cues as they gained 6%, 1% and 5%, respectively.
Adani Wilmar shares gained 6% after the company said it will acquire ‘Tops’ maker GD Foods in the next three years. The CCI also approved the acquisition of equity shares of PSP Projects Ltd by Adani Infra (India) Ltd. The Adani Group is planning to raise over $12.5 billion to partially fund its $57.16 billion capital expenditure, the Economic Times reported on Monday.
The group will raise equity over a period of over five years, the report said. The average capital expenditure over the next five years will be a little over Rs 1 lakh crore, the report quoted Adani Group CFO Jagshinder Singh as saying.
