• Source:JND
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Adani Enterprise Share Price Update:  Shares of eight of the ten listed Adani Group companies fell during morning trade on Friday a day after US prosecutors accused Indian billionaire Gautam Adani of being part of a bribery scheme paying USD 265 million (roughly Rs. 2,200 crores) in bribes to Indian officials in exchange for favourable terms for solar power contracts. However, Almost all Adani Group stocks recovered from the early hours losses to trade higher in the afternoon. Adani Enterprises, Adani Power, and Adani Adani Green Energy traded in the green, while Adani Energy's solution was in red. 

Adani Green Energy Share Price

In the early trade on Friday, the shares of Adani Green Energy tumbled over 10 per cent to hit an intraday low at Rs Rs 1021.0 per share. However, the stock bounced back in the next 2 hours, scraping all loss, to trade in green. At around 12:01 pm, Adani Green Energy's Share Price was trading at Rs 1,187.35, up 3.5% against the previous day's closing price.

Adani Energy Solution Share Price

The shares of Adani Energy Solutions declined 8.57 per cent to hit a 52-week low of Rs 637.85 on the BSE in early trade on Friday. The stock did some recovery in the next hours but continued to trade lower. At around 12:07 pm, Adani Energy Solution shares were trading at Rs 681.55 per share, down 2.25% against the last closing price.

Adani Enterprises Share Price

Adani group flagship firm 'Adani Enterprises' shares were trading at Rs 2,261.15, up 3.55 per cent against the previous day's closing price at around 12:16 pm. In morning trade on Friday, the stock fell over 6.98 per cent to hit a 52-week low of Rs 2,025.00.

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Adani Power Share Price

In early hours on Friday, shares of Adani Power fell 6.38 per cent. However, the shares took a U-turn to make a sharp recovery to trade at Rs 479.50, up 0.85% around 12:35 pm.   

Adani Total Gas Share Price

In morning trade today Adani Total Gas declined 6.11 per cent, however, the stock rebounded in the afternoon to trade at Rs 612.05 per share, up 1.69%. 

Adani Ports Share Price

Adani Ports fell 5.31 per cent in morning trade. The shares recovered and scraped the early loss to trade in green in the afternoon trade. At around 12:44 pm, the stock was trading at Rs 1,146.25, up 2.83 per cent.

ACC and Ambuja Cements were trading over 2 per cent higher after falling in early deals.

Adani Group Stocks Fell Up To 20% On Thursday

Shares of Adani Enterprises fell 22.61 per cent, Adani Energy Solutions 20 per cent, Adani Green Energy 18.80 per cent, Adani Ports 13.53 per cent, Ambuja Cements 11.98 per cent and Adani Total Gas 10.40 per cent on the BSE. Shares of Adani Wilmar fell 9.98 per cent, Adani Power 9.15 per cent, ACC 7.29 per cent and NDTV 0.06 per cent.

Adani Group on Thursday denied allegations of paying bribes to secure favourable terms for solar power contracts, saying the allegations by US prosecutors are baseless and the group complies with all laws. It said all possible legal remedies would be taken.

A group spokesperson said in a statement that the allegations levelled by the US Department of Justice and the US Securities and Exchange Commission against the directors of Adani Green are baseless and are denied.

Domestic stock indices, the BSE benchmark Sensex rose 781.02 points to 77,936.81 and the NSE Nifty climbed 228.90 points to 23,578.80. Shares of Adani Group companies fell sharply on Thursday.

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