The Indian stock market has witnessed a strong buying trend in recent days, with foreign investors also participating actively. During Tuesday’s trading session, the BSE Sensex index climbed 210 points to reach a high of 69,099. Similarly, the Nifty index also rose by 57 points to reach 20,744. In the initial hours of Tuesday’s trading session, there was significant growth seen in the Nifty Midcap 100, BSE Smallcap, and Nifty Bank indices, while the Nifty IT index showed some weakness.
Adani Enterprises and Adani Ports shares were locked in a 5% upper circuit during the early hours of Tuesday’s trading session. Adani Green’s share price has surged by 25% in the past six trading sessions, touching a high of INR 1,280 during Tuesday’s rally. The company witnessed significant buying in its shares on Monday, with the share price closing at INR 1,548.95, up 14.86% from the previous close of INR 938 on November 24. On Thursday, December 7, the share price was trading at INR 1,588, up by 1.60%.
Adani Green Energy announced during Tuesday’s trading session that it has received approval for follow-on funding of $1.36 billion through a senior debt facility. This is considered to be the largest financing under the construction financing framework to date. Adani Green will now invest $3 billion from its initial financing in March 2021. The company’s construction financing framework has been supported by an international consortium of banks at a global level.
Adani Green Share Price as of 7 December 2023:
★Adani Green share price has seen a significant increase in the Indian stock market in recent days.
★Foreign investors have also actively participated in this buying spree.
★On Tuesday’s trading session, the BSE Sensex index rose by 210 points to reach a high of 69,099.
★Meanwhile, the Nifty index increased by 57 points to reach 20,744.
★In the initial hours of Tuesday’s trading session, the Nifty Midcap 100, BSE Smallcap, and Nifty Bank indexes witnessed a strong surge.
★However, the Nifty IT index was performing slightly weakly.
★Adani Enterprises and Adani Ports Company shares were locked in a 5% upper circuit in the early hours of Tuesday’s trading session.
★Adani Green’s share price has surged by 25% in the last six trading sessions.
★Adani Green’s share price touched a high of INR 1,280 during Tuesday’s bullish trend.
★The company witnessed significant buying of its shares on Monday.
★On 24 November, the company’s shares closed at INR 938.
★As of Wednesday, 6 December 2023, the company’s shares were trading at INR 1,548.95, marking a 14.86% increase.
★On Thursday, 7 December 2023, the share price increased by 1.60% to INR 1,588.
★Adani Green Energy Company announced in Tuesday’s trading session that it has received approval of $1.36 billion in follow-on funding through a senior debt facility.
★This is considered the largest funding in the construction financing framework to date.
★Adani Green will now invest $3 billion from its initial funding in March 2021.
★The company’s construction financing framework is supported by an international consortium of banks at a global level.
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