Adani Share Price: Adani Group Stocks have made a good start to trading on the last day of the week which has proved to be excellent so far. The pressure of profit booking on many stocks including the flagship stock of the group seems to be softening. On the other hand, the media stock of the group has hit the upper circuit as soon as it opens on the third day. The pressure remains.
Flagship stock bounces back
Flagship stock Adani Enterprises is on the upswing for the second day in a row. It has made a good start with a gain of about 1 per cent. On Thursday, it showed recovery after initial losses. The stock had become a victim of profit-booking after rallying more than 45 per cent in 3 consecutive days. The market has put it under watch due to volatile trade.
These shares opened in the green
Adani Group’s media stock NDTV (NDTV) closed the upper circuit for the third consecutive day today. Off to a great start. Shares of Adani Power, ACC Cement and Ambuja Cement are also in the early trade. Adani Ports is looking volatile and almost stable at old levels.
Poor start for these stocks
Many stocks of the group, on the other hand, continued to lose today. Have to pick up Adani Transmission has fallen the most by about 2 percent. The result of this company is going to be released on Monday. Adani Total Gas is also at a loss of more than one and a half percent. Apart from these, Adani Green has also started with a loss. Adani Wilmar is almost at old levels with minor losses.
What happens at 09:30 am:
Good week
Adani Group shares started the week with It was done in a wonderful way. During the first two days of the week, tremendous rally was seen in all the shares of Adani Group. However, after a spectacular rally of 2 days, investors booked profits in Adani’s shares on Wednesday and Thursday, due to which most of the shares fell.
Good start for the domestic market
Looking at the domestic market, today’s business has started well. Both the major domestic stock indices BSE Sensex and NSE Nifty are getting support from the global markets. The overall week has proved to be good for the domestic market as well.
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