Adani Group stocks hog limelight

In Focus

• Adani Ports & Ambuja Cements hit 52-wk high
• Adani Energy jumps 12%
• Adani Total climbs 10%

New Delhi: Shares of Adani Group companies ended higher on Wednesday, defying a weak trend in the broader equity market, after the Supreme Court ruled that there was no ground to order an investigation by an SIT or other probe agency into allegations against the group. Adani Ports and Ambuja Cements also hit their 52-week high levels during the morning trade. The combined market valuation of all the 10 group firms stood at Rs15,11,073.97 crore. The group firms together added Rs64,189.16 crore in market valuation from Tuesday’s close.

The Supreme Court on Wednesday said capital market regulator Sebi must conclude its probe within three months. Adani Energy Solutions zoomed 11.60 per cent, Adani Total Gas climbed 9.84 per cent, Adani Green Energy soared 6 per cent and Adani Power 4.99 per cent on the BSE. Shares of Adani Wilmar went up by 3.97 per cent, while NDTV (3.66 per cent), Adani Enterprises (2.45 per cent), Adani Ports (1.39 per cent), Ambuja Cements (0.94 per cent) and ACC (0.10 per cent) also advanced. In morning trade, Adani Energy Solutions zoomed 17.83 per cent, NDTV jumped 11.39 per cent, Adani Total Gas climbed 9.99 per cent, Adani Green Energy soared 9.13 per cent and Adani Enterprises surged 9.11 per cent. Shares of Adani Wilmar went up by 8.52 per cent, Adani Ports climbed 6 per cent, Adani Power by 4.99 per cent, Ambuja Cements by 3.46 per cent and ACC by 2.96 per cent.

In the equity market, the 30-share BSE Sensex ended 535.88 points or 0.75 per cent lower at 71,356.60, and the Nifty declined 148.45 points or 0.69 per cent to 21,517.35. The Supreme Court on Wednesday directed Sebi to complete its probe into two pending cases relating to allegations against the Adani group within three months.