Adani Stocks: Adani’s decline stopped! One strategy changed the entire bet, investors ‘good day’ again! – Adani shares today dip in debt rising shares 5 out of 10 stocks hit upper circuit have you invested
Adani shares status today
Listed shares of Adani Group closed higher in the trading session on Wednesday. Adani Power Rs 186.75, Adani Transmission Rs 819.90, Adani Green Energy Rs 619.60, Adani Total Gas Rs 861.90 and Adani Wilmar Rs 461.15 per share. Note that all these stocks are on the upper circuit with a gain of 5 percent which means none of these stocks have entered the market today.
Apart from this, group flagship Adani Enterprises gained 2.83 percent to Rs 2039.05 on BSE, Adani Ports rose 1.33 percent to Rs 699.70, NDTV rose 1.30 percent to Rs 234, ACC shares edged up 2.47 percent and Ambuja Cements was trading 0.75 per cent higher at Rs 388.45.
Adani’s new strategy
Adani Group on Tuesday said it has repaid a loan of Rs 7399.96 crore ($901 million) ahead of schedule. Loans were taken by pledging the shares of some companies in the group. Earlier in February too, the company pre-paid $111 million (Rs 9116.49 crore) of debt and the Adani Group has so far repaid $202 million (Rs 16590.37 crore) of debt by pledging shares.
Major investment from GQG Partners
It is noteworthy that since the beginning of the month of March, the shares of Adani Group have been moving in a bullish direction. The main reason for this is the US investment company GQG Partners invested a whopping $187 million in the Adani Group. GQG Partners has bought shares in Adani Ports, Adani Transmission and Adani Enterprises through a block deal. GQG invested a total of 15,446 crores in the Adani Group, of which 5,460 crores were invested in Adani Enterprises, 5,282 crores in Adani Ports, 1,898 crores in Adani Transmission and 2,806 crores in Adani Green Energy.
