- By Aditya Pratap Singh
- Mon, 16 Sep 2024 11:17 AM (IST)
- Source:JND
Adani Group Stock: Share of Adani Group's Adani Power and Green Energy are on the rise on Monday after the conglomerate has received a large order from Maharashtra. Adani Group said that Maharashtra Discom has issued an intent letter for the supply of 6600 MW of hybrid solar and thermal power and Adani Green will supply 5 GW (5,000 MW) of solar energy from Khavda while Adani Power will supply 1,496 MW of thermal power from its new 1,600 MW ultra-supercritical capacity.
Following the development all 10 stock of Adani group are trading in green.
In the early trade, Adani Power sahre price rose by over 7 percent to reached Rs 677.85, while Adani Green Energy share price jumped more than 6 percent and was trading at Rs 1896. Meanwhile Adani Enterprises rose by 1.87 percent. Around 9:45 am, Adani Wilmar also rose 3.63 percent to reach Rs 373.50. Adani Ports was also in the green at Rs 1460.
Adani Energy Solution rose by 2.12 percent and was trading at Rs 1004.15. ACC was also in the green at Rs 2529. Ambuja Cement rose by 0.11 percent and stood at Rs 630.30. NDTV rose by 2.59 percent and stood at Rs 197.93.
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Hindenburg Allegations
A few days ago, the American short seller firm cited a report and said that the Swiss accounts of Adani Group have been frozen. However, Adani Group has denied these allegations. Following this, there was some pressure on the group's shares, but investors interest are turning out the story in Adani's favour.
Last year, Hindenburg accused Adani Group in its first report that the promoters had purchased their own shares through foreign funds, breached the 75% limit and inflated the share prices. Adani Group continued to deny these allegations and the Supreme Court ordered SEBI to form an expert committee to investigate. SEBI could not find anything in this case.