- Shares of Adani Enterprises Ltd. declined 1.29% to Rs 1,544.1 apiece in trade after 367.8 lakh or 3.2% equity changed hands in two bunched trades.
The stock fell as much as 10% to Rs 1,407 apiece after the large trade.
Adani Group Company Stocks Trade Mixed
Adani Transmission Ltd., Adani Green energy Ltd., Adani Power Ltd., Adani Wilmar Ltd., and NDTV Ltd. advanced in trade.
Shares of Adani Transmission Ltd. advanced to 4.99% to Rs 676 apiece in trade after 284 lakh or 2.5% equity change hands in a block deal.
Three Adani Group Stocks Have Equity Change Hands In A Block Deal
- Adani Transmission has 284 lakh or 2.5% equity change hands in a block deal.
- Adani Ports and SEZ has 886 lakh or 4.1% equity change hands in a block deal.
- Adani Green Energy has 556 lakh or 3.5% equity change hands in a block deal.
Adani Stocks Stage Rebound Amid Series of Block Trades
Shares of Adani Group companies climbed on Thursday as block trades in some of the conglomerate’s stocks suggested institutional investors were buying after a prolonged rout.
Flagship Adani Enterprises Ltd. erased an early loss of 10% as 36.8 million shares, equaling 3.2% of its equity, changed hands in two block trades. A series of block deals also punctuated early trading in other group stocks like Adani Ports and Special Economic Zone Ltd., Adani Transmission Ltd. and Adani Green Energy Ltd., according to exchange data.
All 10 Adani Group stocks closed higher on Wednesday, the first such occurrence since the U.S. short-seller Hindenburg Research report that release in late January.
Source: Bloomberg
