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Adani Enterprises Stock Up 5% on Heavy Volume

The Indian multinational conglomerate Adani Enterprises’s shares rise by Rs 2,412 on 5 per cent of today’s trade. Nearly doubled the trading volume with a combined 2.3 million equity shares changing hands on the NSE and BSE till 02.10 pm. The S&P BSE Sensex was up 1 per cent at 57,172.

Adani Enterprises, a flagship of Gautam Adani-led group company, is presently focused on businesses related to airports, roads, water, data centre, solar manufacturing, defense and aerospace, edible oils and foods, mining, integrated resource solutions and integrated agri-supply chain.

Adani Airport Holdings, Adani Cementation and Adani Railways Transport are also included as subsidiaries with 122 of Adani Enterprises as of March 31, 2021

Adani Enterprises had incorporated a wholly-owned subsidiary Adani Cement Industries, which carries business of manufacturers, producers, and processors of all types of cement, as of June 2021.

As per a report, Gautam Adani’s conglomerate is in advanced talks to acquire Holcim Ltd.’s businesses in India. The billionaire’s Adani Group could sign an agreement to acquire a controlling stake in Ambuja Cements Ltd. from Holcim as soon as in the coming days, media reported.

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