Shares of Adani Group companies continued their upward movement as Adani Energy Solutions (formerly known as Adani Transmission) and Adani Power surged up to 7 per cent on the BSE in Monday’s intra-day trade.
In the past three trading days, Adani Energy Solutions (up 13 per cent) and Adani Power (up 16 per cent) have rallied more than 12 per cent after promoter and foreign portfolio investors (FPI) bought stake in these companies via open market.
Among individual stocks, Adani Power surged16 per cent in the past three days after Australia-listed investment firm, GQG Partners invested $1.1 billion (Rs 9,000 crore) in Adani Power on acquiring 8.1 per cent stake from the Adani family via multiple block deals.
