Most of Adani group firms close higher; Adani Enterprises rises 1%

Most of the Adani group stocks closed higher with the flagship Adani Enterprises settling higher by 1 per cent on Wednesday, a day after the conglomerate asserted that its balance sheet is “very healthy”.

At close, six of the group firms were in the green while four were in the red.

“The market cap of Adani group companies continued to fall, down 1.5 per cent on February 15, even as 4 out of 10 conglomerate’s stocks ended in the negative.

“The combined market valuation of the group is now down 54.9 per cent as compared to that on January 24,” Deepak Jasani, Head of Retail Research at HDFC Securities, said.