Adani Enterprises hits 52-week high after it signs agreement with AAI
Shares of Adani Enterprises hit a fresh 52-week high of Rs 259, up 3 per cent on the BSE on Friday after its arm signed agreement with Airports Authority of India (AAI) for the operations, management and development of three airports.
The stock of the Adani Group Company was trading at its highest level since June 2015. It was trading higher for the ninth straight day, up 17 per cent, against 3 per cent rise in the S&P BSE Sensex during the period.
“Adani Ahmedabad International Airport Limited, Adani Lucknow International Airport Limited and Adani Mangaluru International Airport Limited, the wholly-owned subsidiaries of the Company have signed the concession agreement on February 14, 2020 with Airports Authority of India,” Adani Enterprises said in an exchange filing.
