Adani Group’s company shares saw a surge of 20% in trading during Wednesday’s business session. These shares were being purchased in large numbers yesterday. However, after a report from an American short-selling firm, Adani Group’s share prices declined. Nevertheless, the US International Development Finance Corporation has issued a statement saying that the allegations made by Hindenburg Research against Gautam Adani’s group are false. As a result, Adani Group’s shares have once again shown an upward trend. Adani Power’s share price is currently trading at Rs 563.35 with a 0.52% increase on Thursday, December 7, 2023. On Friday, December 8, 2023, the share price was trading at Rs 556 with a 1.05% decrease.
Adani Group’s companies have now crossed the market cap of Rs 14 lakh crore. On Wednesday, the combined market capitalization of all listed companies of Adani Group was recorded at Rs 14.65 lakh crore. In comparison to Tuesday’s business session, Adani Group’s companies have seen an increase of Rs 1.93 lakh crore in market capitalization. Recently, the Bharatiya Janata Party (BJP) secured a majority in three state assembly elections. Since then, heavy buying has been observed in Adani Group’s shares. In Wednesday’s business session, Adani Total Gas’ share was trading at Rs 1,053.80 with a 20% increase. Adani Ports’ share was trading at Rs 1,082.95 with a 7% increase. Adani Enterprises’ share crossed the price level of Rs 3,000. Adani Power’s share was trading at Rs 589.30 with an increase of more than 7%. The share price of Adani Power has reached its 52-week high.
Adani Power Share Price Information (as of 8 December 2023):
1. Adani Power shares traded at Rs 563.35 with a 0.52% increase on Wednesday, 7 December 2023.
2. On Friday, 8 December 2023, the share price decreased by 1.05% to Rs 556.
3. Adani Group’s listed companies have crossed a market share of Rs 14 lakh crore.
4. The combined market capitalization of Adani Group’s listed companies was recorded at Rs 14.65 lakh crore on Wednesday.
5. Adani Group’s market capitalization has increased by Rs 1.93 lakh crore compared to the previous trading session.
6. Adani Total Gas Company’s share traded at Rs 1,053.80 with a 20% increase on Wednesday.
7. Adani Ports’ share traded at Rs 1,082.95 with a 7% increase on Wednesday.
8. Adani Enterprises’ share crossed the price level of Rs 3,000 in the previous trading session.
9. Adani Power’s share traded at Rs 589.30 with a more than 7% increase on Wednesday.
10. Adani Power’s share has reached its 52-week high.
Source: Adani Power Share Price 8 December 2023.
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