Adani Enterprises shares climb over 2% after promoters raise stake

New Delhi: Shares of Adani Enterprises Ltd climbed over two per cent on Tuesday after billionaire Gautam Adani-led promoter group increased its stake in the flagship firm. The stock ended at Rs 2,697.70, up 2.24 per cent on the BSE. During the day, it gained 3.10 per cent to Rs 2,720.65. At the NSE, it climbed 2 per cent to settle at Rs 2,694.90. In terms of traded volume, 2.56 lakh shares of the firm were traded on the BSE during the day and over 1 crore shares on the NSE. Gautam Adani-led promoter group has increased its stake in the group’s flagship firm as the ports-to-energy conglomerate continues to recover from the effects of a report by US short-seller Hindenburg Research. The promoter group has increased its stake in Adani Enterprises Ltd from 67.65 per cent to 69.87 per cent, according to a stock exchange filing.