Shares of these three Adani Group stocks exhibited a divergent trend on Tuesday in intra-day trades on the BSE amid mixed news flow.
Adani Power was locked at the 5 per cent upper limit at Rs 171.15 for the fourth straight trading day. The counter registered a volume of around 10.72 lakh shares on the BSE, with pending buy orders to the tune of ht 4.13 lakh shares as of 09:28 AM. Meanwhile, the S&P BSE Sensex was up 0.2 per cent at 60,822.
In the last four days, the stock has surged over 21 per cent, but still is down nearly 38 per cent from its January 24 close, since the US short seller Hindenburg Research accusation on the Group of market manipulation and accounting fraud.
