Adani Ports climb over 5%, 10 of 11 Adani Group stocks end on a high

Stocks of the Adani Group firms experienced a rally on Thursday with ten out of 11 listed companies ending higher. Adani Ports surged the most, ending 5% up against the muted sentiment of the broader market.

Adani Ports emerged as the biggest gainer on Sensex, climbing 5.19%. The stock closed 5.22% up at 1,243.95 apiece on the NSE.

On the BSE, the Adani Green Energy scrip rallied by 3.22%, Adani Energy Solutions surged 2.67%, Adani Power climbed 2.25%, Sanghi Industries jumped 1.75% and Adani Enterprises advanced by 1.23%. Furthermore, Ambuja Cements rose by 1.23%, ACC by 0.75%, Adani Wilmar by 0.33% and Adani Total Gas by 0.08% on the BSE. NDTV scrip was the standalone loser, declining 0.52% on the BSE.

The total market valuation of all the 11 Gautam Adani-led group companies stood at ₹12,98,249.11 crore.

As for the broader market, the 30-share BSE benchmark Sensex dipped 0.39 points to settle at 78,472.48 in a muted session. The NSE Nifty marginally gained by 22.55 points or 0.1% to 23,750.20.

Adani Defence and Aerospace, the defence arm of Adani Group, on Monday, signed an agreement to acquire an 85.8% stake in Air Works, India’s largest privately-owned aircraft maintenance, repair, and overhaul (MRO) company.

The acquisition will allow the group to offer several aviation services like line maintenance, heavy checks, interior refurbishments, painting, redelivery checks, avionics and asset management for both domestic and international customers, according to a statement by the group.