Adani stocks surge up to 20% after SC hearing; m-cap crosses ₹11 lakh cr mark
Adani Total Gas shares touched its 20% upper circuit limit, while Adani Energy Solutions, Adani Power, Adani Enterprises, NDTV, Adani Green rose between 10-19%.
Adani Total Gas shares touched its 20% upper circuit limit, while Adani Energy Solutions, Adani Power, Adani Enterprises, NDTV, Adani Green rose between 10-19%.
Adani Green Energy was the best performer among the group stocks with 15.58% increase in market cap, while NDTV was the least performer with 0.61% rise in value.
The development comes months after Adani Group's indirect takeover of NDTV in August last year, through AMG Media Networks Ltd, a wholly-owned subsidiary of the port-to-energy conglomerate.
Adani Total Gas, Adani Green Energy, Adani Transmission, Adani Power, and NDTV hit their 5% lower circuit limits on Monday.
Adani group’s holding in NDTV reaches 64.71%; NDTV stock trades 2.56% higher at ₹348; touched an intra-day high of ₹359.10.
The Roys plan to sell 1.75 crore equity shares constituting 27.26% of the share capital in the news network to RRPR Holding .
Extending losses for the third straight session, the share price of NDTV hit a lower circuit of 5% on Monday.
NDTV share price has risen more than 500% in a year, from its 52-week low of ₹75.55 on December 1, 2021, to ₹470.05 intraday today
Shares of the TV network jumped 5% to ₹446.30 on the NSE, hitting the upper circuit limit for the fourth consecutive trading session.
Shares of NDTV rose 5% to ₹426.40 on the BSE.