9 Adani Group Stocks Settle Higher

New Delhi: Shares of nine of the 11 listed Adani Group firms ended higher on Friday, with Adani Green Energy surging almost 22 per cent and Adani Energy climbing nearly 16 per cent. The stock of Adani Green Energy zoomed 21.72 per cent, Adani Energy Solutions surged 15.56 per cent, Ambuja Cements jumped 3.73 per cent, Adani Ports climbed 1.94 per cent, ACC went up 1.59 per cent, Adani Total Gas (1.03$), Adani Enterprises (1.02%), NDTV (0.60%) and Adani Wilmar (0.05%) on the BSE. However, shares of Adani Power declined 1.01 per cent and Sanghi Industries dipped 0.45 per cent. The BSE benchmark Sensex jumped 759.05 points, or 0.96 per cent, to settle at 79,802.79 and the NSE Nifty climbed 216.95 points, or 0.91 per cent, to 24,131.10. Abu Dhabi’s International Holding Company (IHC), one of the largest sovereign funds that manages assets close to $100 billion, has reaffirmed its support to the Adani Group, saying its outlook on investments in the group remains unchanged despite the US indictment of the conglomerate’s founder chairman Gautam Adani.

“Our partnership with the Adani Group reflects our confidence in their contributions to the green energy and sustainability sectors,” IHC, one of Adani Group’s key foreign investors, said in a statement.

“As with all our investments, our team continues to evaluate relevant information and developments. At this time, our outlook on these investments remains unchanged.”