Adani Share Price: Adani Group Stocks have made a good start to trading on the last day of the week which has proved to be excellent so far. The pressure of profit booking on many stocks including the flagship stock of the group seems to be softening. On the other hand, the upper circuit has been installed on the media stock of the group as soon as it opens on the third day.
In the early trade, the price of 6 out of 10 shares of Adani Group is showing a rise, while the price of 4 shares remains under pressure.
Flagship stock made a comeback
Flagship stock Adani Enterprises is on the upswing for the second consecutive day. It has made a good start with a gain of about 1 per cent. On Thursday, it showed recovery after initial losses. The stock had become a victim of profit-booking after rallying more than 45 per cent in 3 consecutive days. Due to volatile trade, the market has put it under watch.
These shares turned green as soon as they opened
Adani Group’s media stock NDTV (NDTV) has made a good start with Upper Circuit for the third consecutive day today. Shares of Adani Power, ACC Cement and Ambuja Cement are also in the early trade. The prices of Adani Ports are looking volatile and almost stable at the old level.
Bad start for these stocks
On the other hand, many stocks of the group are facing losses even today. Adani Transmission has fallen the most by about 2 percent. The result of this company is going to be released on Monday. Adani Total Gas is also at a loss of more than one and a half percent. Apart from these, Adani Green has also started with a loss. Adani Wilmar is almost at the same level with minor losses.
Status at 09:30 am:
|Company/Share||Quote (in Rs)/Change in opening trade|
|Adani Enterprises||2559.10 (0.91%)|
|Adani Green||967.00 (-0.39%)|
|Adani Ports||725.25 (0.03%)|
|Adani Power||260.95 (0.62%)|
|Adani Transmission||874.85 (-1.86%)|
|Adani Wilmar||451.60 (-0.03%)|
|Adani Total Gas||783.00 (-1.62%)|
|Ambuja Cement||420.20 (0.25%)|
week turns out to be good
Shares of Adani Group started the week on a positive note. During the first two days of the week, tremendous rally was seen in all the shares of Adani Group. However, after a spectacular rally of 2 days, on Wednesday and Thursday, investors booked profits in Adani’s shares, due to which the prices of most of the shares fell.
Good start in domestic market
Looking at the domestic market, today’s business has started well. Both the major domestic stock indices BSE Sensex and NSE Nifty are getting support from the global markets. Overall, this week has proved to be okay for the domestic market as well.
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