Shares of Adani Group companies were trading firm and rallied up to 9 per cent on the BSE in Wednesday’s intra-day trade in an otherwise weak market after Abu Dhabi conglomerate International Holding Company (IHC) on Tuesday said it increased its stake in Adani Enterprises (AEL) to more than 5 per cent.
The move comes barely a week after the UAE-based company exited Adani Green and Adani Transmission by selling its entire holding.
Shares of AEL have rallied 5 per cent to Rs 2,501 on the BSE in intra-day trade today. Among other Adani Group stocks, Adani Wilmar surged 9 per cent to Rs 363.75, followed by New Delhi Television (NDTV) (up 6 per cent at Rs 221.15), Adani Power (3 per cent at Rs 377.50),
