Adani Share Price Today: The shares of Adani Group are on the fast track for the second consecutive day today. Seven out of 10 shares of the group were up in Monday’s trade…
Adani Share Price: Adani Group Stocks are on the fast track for the second consecutive day on Tuesday. All the 10 stocks of the group started trading today with gains. On Monday, the first day of the week, most of the shares of the group saw a boom and the prices of 7 shares were profitable.
These two stocks have gained more
At the beginning of the business, the shares of NDTV (NDTV) and Adani Total Gas (Adani Total Gas) were the fastest. NDTV’s stock started trading with a gain of more than 1.50 per cent, while Adani Total Gas gained more than 1 per cent in early trade. Flagship company Adani Enterprises and Adani Ports also registered a gain of about 1-1 per cent.
This cement stock lost its edge
Apart from these, shares of Adani Green, Adani Power, Adani Transmission, Adani Wilmar and Ambuja Cement are also in the green zone. ACC Cement, the second cement stock of Adani Group, started the trading with a gain, but lost momentum in the first few minutes of trading. At 09:30 in the morning, it was trading with a decline of about 0.20 per cent.
Today started like this:
| company/stock | Quote (in Rs)/Change (in per cent) in opening trade |
| Adani Enterprises | 1895.05 (0.84%) |
| Adani Green | 967.80 (0.56%) |
| Adani Ports | 669.65 (0.71%) |
| Adani Power | 190.00 (0.34%) |
| Adani Transmission | 1043.40 (0.39%) |
| Adani Wilmar | 408.90 (0.45%) |
| Adani Total Gas | 958.70 (1.30%) |
| acc | 1780.65 (-0.20%) |
| Ambuja Cement | 392.65 (0.32%) |
| ndtv | 189.45 (1.53%) |
The group repaid so many loans
The coming days may prove to be better for the shares of Adani Group. Adani Group is continuously reducing its debts ahead of time and redeeming pledged shares. According to reports, the Adani group has repaid bonds worth at least $3 billion during the March quarter. Apart from this, the Adani group has repaid commercial papers worth at least Rs 3,650 crore during the quarter. These commercial papers were sold to three domestic mutual funds. Of these, Rs 2,750 crore has been paid to SBI Mutual Fund, Rs 500 crore to Aditya Birla Sun Life Mutual Fund and Rs 450 crore to HDFC Mutual Fund.
Benefits of these steps
Earlier, the Adani Group told the stock exchanges in a regulatory filing last week that it had raised at least 2.54 billion rupees to redeem those shares of its four companies Adani Enterprises Ltd., Adani Ports and SEZ Ltd., Adani Transmission Ltd. and Adani Green Energy Ltd. dollars, which were pledged by the promoters. Adani Group is taking these steps to address the concerns of investors and borrowers. These steps of the group are also paying off and the rally phase has returned in most of its shares.
