Adani Enterprises rallies 3%, closes at month’s high after 6-day streak
Shares of Adani Group companies closed higher on Wednesday, with the flagship Adani Enterprises closing at a month’s high following a six-day gaining streak.
Some of the group stocks also hit their upper circuit levels after the group announced that it has repaid share-based financing of Rs 7,374 crore (over USD 900 million) and will prepay all such remaining loans by the end of the month.
The NSE and the BSE on Monday announced that the flagship Adani Enterprises will be moved out from the short-term additional surveillance measure (ASM) framework, which also bolstered the group stocks.
