Adani Transmission hits fresh all-time high; stock surges 30% in a week
Shares of Adani Transmission hit a fresh all-time high of Rs 341, up 10 per cent on the BSE on Monday in an otherwise range-bound market after the company announced buyback of non-convertible debentures (NCDs) worth Rs 135 crore.
The stock surpassed its previous high of Rs 317, recorded on Friday in intra-day trade. In the past week, the stock has rallied 30 per cent as compared to 0.22 per cent decline in the S&P BSE Sensex.
“Company has bought back 1,350 rated, listed, secured, redeemable, NCDs having face value of Rs 10 lakh each aggregating to Rs 135 crore on November 29, 2019,” Adani Transmission said in a regulatory filing on Saturday.
Earlier, on November 25, the company said it had bought back 1,550 rated, listed, secured, redeemable, NCDs having face value of Rs 10 lakh each aggregating to Rs 155 crore.
