
New Delhi:
Adani Group Stocks: Adani Group shares made a great start in the stock market today. A spectacular rise is being seen in the shares of Adani Group. Around 10.50 am, a jump of 5.13% was seen in the flagship company Adani Enterprises, taking its price to ₹ 2,533.65. Along with this, other companies of Adani Group also saw growth.
rise in many stocks
Around 10:50 am, Adani Total Gas registered a rise of 3.22%, and its price went to ₹701.20. Adani Power up by 2.00% at ₹516.90, Adani Energy Solutions up by 2.69% at ₹827.65, Adani Green Energy up by 1.56% at ₹1,070.40, Adani Ports up by 1.32% at ₹1,247.00 Was doing business.
Apart from this, group companies like Ambuja Cements and NewsDeskReport also saw a rise of 1.75% and 1.62% respectively.
#AdaniGroup All shares rose; #AdaniEnterprises Increase of more than 5%, #AdaniTotalGas More than 3% jump in
Read Live: https://t.co/4gIRsWqMbj pic.twitter.com/Ede5h6ZOQp
— NewsDeskReport Profit Hindi (@NewsDeskReportProfitHindi) December 30, 2024
Adani Enterprises and Adani Ports among top gainers
In early trade, shares of flagship company Adani Enterprises were trading at Rs 2,492.20, registering a sharp gain of 3.41%. Apart from this, shares of other companies of Adani Group were also trading with good growth. Around 9:27 am, Adani Ports was trading at ₹1,248.25 with a gain of 1.43%, Adani Power was trading at ₹513.55 with a gain of 1.34% and Adani Energy Solutions was trading at ₹814.35 with a gain of 1.04%.
At the same time, Adani Green Energy registered a rise of 0.99% and was trading at ₹ 1,064.45. Adani Enterprises and Adani Ports were among the top gainers today.
Reason for rise in shares of Adani Group?
Brokerage firm Ventura Securities has given ‘Buy’ rating to Adani Group company Adani Enterprises. Ventura has set a target price of ₹ 3,801 per share for this, which represents an increase of 57.8% from the current price. At the same time, under the bull case (maximum bullish) scenario, a target of ₹ 5,748 per share has been set in the next two years, which indicates an increase of 139% from the current level.
Adani Enterprises’ revenue expected to increase by 17.5%
Ventura believes that due to these reasons the financial performance of the company will become stronger. The revenue of Adani Enterprises Limited (AEL) is estimated to grow at the rate of 17.5 percent on an annual basis to Rs 1,56,343 crore during the financial year 2023-24 to 2026-27. During this period, the company’s net profit may increase at the rate of 45.8 percent annually. Ventura has given this information in the report.
(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)