Adani Group stocks rebound sharply, 4 listed firms hit 5% upper circuit

Adani Group stocks have rebounded sharply on the stock market on Monday, with four listed firms locked in the five per cent upper circuit. The development is expected to boost the combined market capitalisation of Adani Group firms after last week's fall.

All the six listed Adani Group companies bounced back strongly on the stock market on Monday, with four firms locked in the upper circuit limit of 5 per cent. Shares of the four listed companies rebounded up to 11 per cent from their respective intraday lows on the Bombay Stock Exchange, reversing the negative trend witnessed last week. At 2:25 pm, shares of Adani Green Energy (Rs 1,115.85), Adani Transmission (Rs 1,297.65), (Rs 120.60), Adani Gas (1,321) were locked in the upper circuit of five per cent. Adani Enterprises, the flagship firm of the group, was up 4.69 per cent at Rs 1,557.70 per share and Adani Ports and SEZ was up over 5.5 per cent at Rs 733 per share. All Adani Group companies have, therefore, sharply rebounded on the stock market and the combined market capitalisation of Gautam Adani’s companies have increased. This is likely to boost industrialist Gautam Adani’s net worth which suffered after the stocks of his listed firms came under pressure last week.