New Delhi: Shares of Adani group firms continued to attract heavy demand in the afternoon trade on Monday, with Adani Green Energy trading higher by 8 per cent.
The rally in all the 10 listed group companies mirrored the broader upswing in the domestic markets, fuelled by optimism regarding the BJP government’s returning to power in 2024 after the party’s victory in three heartland states’ assembly elections.
The combined market capitalisation of all the listed firms of Adani Group hit the Rs 12 lakh crore-mark.
This is the first time that the group stocks have hit the Rs 12 lakh crore mark after facing a rout early this year following a report by US short seller Hindenburg Research that alleged financial wrongdoing and stock manipulation by the conglomerate.
