Adani Enterprises shares hit record high after surging over 5%

Adani Enterprises Limited, the flagship entity of Adani Group, has hit a fresh record high on the stock market after surging over five per cent. Here is all you need to know.

Shares of Adani Enterprises Limited (AEL), the flagship company of the Adani group, hit a fresh intraday high on Wednesday. On the BSE, Adani Enterprises stock was trading at Rs 1,488, up 5.14 per cent at 11:30 am. AEL's stock has surged over 13 per cent in the past two trading sessions, surpassing the previous intraday high of Rs 1,390 it touched on Tuesday. AEL has a diversified business portfolio which includes solar cell and module manufacturing, agro-processing, commodities trading, fuelling of ships and shipping. It may be noted that the market capitalisation of AEL is rapidly growing on the stock market, and it has also boosted the net worth of industrialist Gautam Adani, who is now Asia’s third richest man. He briefly became Asia's second richest man last month.