Shares of Adani Group companies rallied up to 16 per cent on the bourses on the back of heavy volumes on Wednesday. Adani Gas, Adani Green Energy, Adani Enterprises, and Adani Power were trading higher for the fourth straight trading day.
Among individual stocks, Adani Gas surged 16 per cent to Rs 144 on the BSE on the back of an over three-fold jump in trading volumes. Till 10:19 am, a combined 1.06 million equity shares changed hands on the counter on the NSE and BSE.
Adani Power was up 5 per cent at Rs 42.20, ahead of board meeting today to consider the proposal for voluntary delisting of the equity shares of the company. The stock has rallied 16 per cent in the past three days after the Gautam Adani-promoted electric utility company on Friday said its board will meet on Wednesday, June 3, to consider delisting the company from the stock exchanges.
