Bulls on Adani: Adani Ent Soars 25%, 4 Stocks Hit 5% Upper Circuits

By Malvika Gurung

Investing.com -- The ports-to-power conglomerate major Adani Group listed companies witnessed mixed trading on Tuesday, with most stocks jumping and hitting fresh upper circuits after days of consecutive sell-offs, eroding a major chunk of combined market valuation, following a negative report by the US short-seller Hindenburg Research.

The flagship company of Adani Group, Adani Enterprises (NS: ADEL ) soared 25% in Tuesday’s intraday, while four stocks hit 5% upper circuits in the session.

Meanwhile, the mega-cap stock Adani Total Gas (NS: ADAG ) continued to hit a lower circuit for the eight straight session and recorded a new 52-week low on Feb 7.

Here’s how Adani Group stocks performed in the afternoon trade on Tuesday.

• Adani Enterprises: rallies 17% while writing, skyrocketing 25% to hit the day’s high at Rs 1,962.7 apiece.
• Adani Total Gas: hit a new 52-week low and a 5% lower circuit at Rs 1,464.2 apiece.
• Adani Green Energy (NS: ADNA ): stock up 2.4%. Hit a 5% upper circuit at Rs 933.55 apiece.
• Adani Transmission (NS: ADAI ): swings violently, hitting a 5% upper circuit at Rs 1,319.25 apiece as well as a new 52-week low of Rs 1,193.65 apiece.
• Adani Ports and Special Economic Zone (NS: APSE ): up 7.2% while writing, zooming 9.72% to hit the day’s high at Rs 598.45 apiece.
• Adani Power (NS: ADAN ): stock up 2%.
• Adani Wilmar (NS: ADAW ): hit a 5% upper circuit at Rs 398.9 apiece.
• NDTV (NS: NDTV ): hits 5% upper circuit at Rs 226.85 apiece.
• ACC (NS: ACC ): up 2.1% while writing, surged 4.9% to hit the session’s peak at Rs 1,969.55 apiece.
• Ambuja Cements (NS: ABUJ ): up 2%, zooms 7.1% to Rs 406.7 apiece.