Adani Green Energy shares jump 9% in morning trade
The Hindu
Adani Green Energy stock surges 9% after chairman's commitment to compliance amid allegations and indictment in the U.S.
Shares of Adani Green Energy jumped 9% on Monday (December 2, 2024) morning after Adani group chairman Gautam Adani said his conglomerate was committed to compliances and "every attack makes us stronger" amid recent allegations and his indictment in the U.S.
The stock of Adani Green Energy Ltd surged 9% to ₹1,445 on the BSE.
Among other group firms, shares of Adani Ports climbed 2%, Ambuja Cements went up by 1.33%, ACC 1% and Sanghi Industries 1%.
However, group stocks, including Adani Total Gas, Adani Energy Solutions, Adani Enterprises and Adani Power were trading lower.
Adani Total Gas was trading at ₹774.45, down 4.57%, Adani Energy Solutions at ₹805.60, decline of 4.16%, Adani Enterprises ₹2,428.20, a fall of 1.38% and Adani Power at ₹546.50, lower by 1.45% on the BSE.
Coming out in public for the first time after recent allegations and his indictment in the U.S., Adani group chairman Gautam Adani on Saturday (November 30, 2024) said his conglomerate was committed to compliances and "every attack makes us stronger".
“Less than two week back, we faced a set of allegations from the U.S. about compliance practices. This is not the first time we have faced such challenges. What I can tell you is that every attack makes us stronger,” he said addressing the 51st Gems and Jewellery Award in Jaipur.
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