Most Adani Group stocks gain momentum; Adani Enterprises gains nearly 20 percent

Shares of most of ani Group companies ended higher on Wednesday, with flagship company ani Enterprises rallying nearly 20 per cent.

Seven of group companies ended in positive territory while three settled in red on Wednesday.

In last two tring sessions, ani Group companies have recovered around Rs 70,000 crore in combined market capitalisation. group stocks have lost around Rs 8.7 lakh crore or about 45 per cent of ir combined market valuation since January 24, Manish Chowdhury, He of Research at brokerage firm Stoxbox, said.

US-based short-seller Hindenburg Research came out with its verse report about ani Group on January 24.

On Wednesday, shares of ani Enterprises rallied nearly 23 per cent to Rs 2,163, also its upper price band on BSE. It later ended at Rs 2,158.65 per share, up by 19.76 per cent.

flagship company's market valuation rose Rs 40,601.14 crore to Rs 2.46 lakh crore.

Shares of ani Ports and Special Economic Zone zoomed 8.34 per cent to end at Rs 599.45. company's market valuation rose Rs 9,969.04 crore to Rs 1.29 lakh crore.

ani Power closed at Rs 182, ani Transmission at Rs 1,314.25, NDTV at Rs 227.75 and ani Wilmar at Rs 419.35 per share. se firms settled with 5 per cent gains and ir closing levels touched respective upper price bands on BSE.

Besides, Ambuja Cements rose 0.17 per cent to close at Rs 384.35.

On or hand, three of ani group companies closed in red. ani Total Gas and ani Green Energy plunged 5 per cent each while ACC fell 1.11 per cent to end at Rs 1,973.35.

ani Total Gas settled at Rs 1,394.15, lower price band. ani Green Energy fell 4.92 per cent to end at Rs 801.75. During day, stock declined to touch its 52-week low of Rs 801.05 over its previous close.

30-share BSE Sensex closed 377.75 points or 0.63 per cent higher at 60,663.79 points on Wednesday.

On Tuesday, six of group companies closed in green while four were in red.

ani Group, on Monday, said promoters will pre-pay USD 1,114 million for release of pledged shares of its firms ahe of maturity in September 2024. se shares belong to ani Ports & Special Economic Zones, ani Green Energy and ani Transmission.