Introduction:
Shares of Adani Energy Solutions and Adani Total Gas soared by up to 19% on November 26, 2024, after a clarification from the Adani Group regarding the US bribery allegations. Adani Energy Solutions hit its 10% upper circuit at ₹727.35, while Adani Total Gas surged to ₹726.
The rally followed a statement from the group denying any charges against Gautam Adani and his nephew Sagar Adani in the US bribery case. The group clarified that the allegations, including offering bribes to secure solar contracts, were untrue, which positively impacted stock prices.
The clarification also brought a boost to other group stocks, including Adani Green Energy, which hit its 10% upper circuit. Despite previous concerns over the bribery charges, the Adani Group’s response alleviated investor worries, leading to a strong market recovery.
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Adani Enterprises
On November 28, 2024, Adani Enterprises Ltd opened at ₹2,446.35, up 2.0% from ₹2,398.35. The stock reached a high of ₹2,526.00 (5.33%) and a low of ₹2,400.00. By 3:30 PM, it traded at ₹2,436.00, a 1.57% increase, with a market cap of ₹2,81,158.43 crore.
Adani Enterprises (NSE: ADANIENT) is a diversified conglomerate, with interests in energy, resources, infrastructure, logistics, and agro-based products. The company leads in sectors like coal mining, renewable energy, and airport management, contributing to India’s economic growth.
Adani Ports and Special Economic Zone
On November 28, 2024, Adani Ports and Special Economic Zone Ltd opened at ₹1,199.90, down 0.04% from ₹1,199.75. The stock reached a high of ₹1,226.75 (2.25%) and a low of ₹1,162.50. By 3:30 PM, it traded at ₹1,170.60, a 2.43% decrease, with a market cap of ₹2,52,865.86 crore.
Adani Ports and Special Economic Zone (NSE: ADANIPORTS) is India’s largest private port operator. The company provides integrated logistics solutions and port operations, contributing to international trade and promoting infrastructure development across the country.
Adani Power
On November 28, 2024, Adani Power Ltd opened at ₹535.05, up 2.14% from ₹523.80. The stock reached a high of ₹583.75 (11.42%) and a low of ₹532.05. By 3:30 PM, it traded at ₹556.70, a 6.28% increase, with a market cap of ₹2,14,715.79 crore.
Adani Power (NSE: ADANIPOWER) is a prominent player in India’s power generation sector, focusing on thermal power plants and renewable energy projects. The company is committed to delivering reliable, affordable, and sustainable power solutions to meet growing energy demand.
Adani Green Energy
On November 28, 2024, Adani Green Energy Ltd opened at ₹1,025.00, up 3.61% from ₹989.30. The stock reached a high of ₹1,088.20 (10.00%) and a low of ₹1,015.70. By 3:30 PM, it traded at ₹1,088.20, a 10.00% increase, with a market cap of ₹1,72,374.41 crore.
Adani Green Energy (NSE: ADANIGREEN) is a leader in renewable energy, with a focus on solar and wind power projects. The company is driving India’s transition to clean energy, reducing carbon emissions while contributing to sustainable development goals.
Adani Energy Solutions
On November 28, 2024, Adani Energy Solutions Ltd opened at ₹694.00, up 4.96% from ₹661.25. The stock reached a high of ₹727.35 (10.00%) and a low of ₹687.20. By 3:30 PM, it traded at ₹727.35, a 10.00% increase, with a market cap of ₹87,375.29 crore.
Adani Energy Solutions (NSE: ADANIGREEN) provides integrated solutions in the energy sector, focusing on power transmission, distribution, and renewable energy. The company aims to enhance energy efficiency and ensure sustainability across India and global markets.
Adani Total Gas
On November 28, 2024, Adani Total Gas Ltd opened at ₹717.60, up 3.36% from ₹694.25. The stock reached a high of ₹823.30 (14.80%) and a low of ₹712.40. By 3:30 PM, it traded at ₹797.00, a 14.80% increase, with a market cap of ₹87,654.86 crore.
Adani Total Gas (NSE: ADANIGAS) is a key player in India’s natural gas sector, specializing in distribution and retail. The company focuses on providing affordable and cleaner energy solutions to domestic, industrial, and commercial consumers, promoting sustainability.
Adani Wilmar
On November 28, 2024, Adani Wilmar Ltd opened at ₹316.55, up 0.54% from ₹314.90. The stock reached a high of ₹324.90 and a low of ₹310.05. By 3:30 PM, it traded at ₹312.70, a 0.70% decrease, with a market cap of ₹40,640.95 crore.
Adani Wilmar (NSE: ADANIWILMAR) is a leading consumer goods company in India, primarily known for its edible oils. It also manufactures a wide range of food products, playing a crucial role in India’s food processing and distribution sectors.
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Ambuja Cements
On November 28, 2024, Ambuja Cements Ltd opened at ₹515.45, slightly up from ₹515.15. The stock reached a high of ₹522.75 and a low of ₹510.80. By 3:30 PM, it traded at ₹513.00, a 0.42% decrease, with a market cap of ₹1,26,358.23 crore.
Ambuja Cements (NSE: AMBUJACEM) is a major player in India’s cement industry, known for its high-quality products. The company contributes significantly to India’s infrastructure development and construction, while focusing on sustainable and eco-friendly manufacturing practices.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
