Mumbai: Adani Portfolio Stocks Surge Nearly 10% as Markets Open
The stocks of key Adani Portfolio companies surged nearly 10% on Monday as soon as the markets opened, making them among the top gainers.
Shares of Adani Ports and Special Economic Zone (ASPEZ) were trading at Rs 1,581 per share, up by nearly 10%.
Shares of Adani Total Gas Ltd rose more than 9%, trading at Rs 1,137 per share.
Adani Enterprises’ stock increased by over 9%, reaching Rs 3,727 per share.
Shares of Adani Energy Solutions surged by more than 10% in morning trade, reaching Rs 1,242 per share.
Adani Green Energy Ltd’s shares also saw a rise, up nearly 8%, trading at Rs 2,056 per share.
Last week, Adani Ports signed a 30-year concession agreement with the Tanzania Ports Authority to operate and manage Container Terminal 2 (CT2) at the Dar es Salaam Port in the eastern African country.
The Adani Portfolio of companies has demonstrated strong and consistent growth in FY24 and over the past five years, reflecting the strength and stability of its businesses, the company stated on Sunday.
In FY24, the Adani Portfolio of companies achieved a record EBITDA growth of 45% year-on-year, reaching Rs 82,917 crore (approximately $10 billion), the highest in the history of the Adani Portfolio.
Meanwhile, brokerage firms and exit polls have predicted an absolute majority for the BJP.
