Following the bulk deals, shares of Adani Enterprises ended 5.34% higher at Rs 2,403.65 on BSE while that of Adani Green ended 0.16% lower at Rs 958.40.
Adani Group has sold stakes worth ₹1,099.80 crore to US-based GQG Partners and other investors. Adani Green Energy and Adani Enterprises were the companies involved in the deal.
Stocks that saw big block deals this week: Shriram Finance, Timken India and HDFC AMC (Asset Management Co) were among stocks that saw huge block deals this week, data available with Nuvama Research suggested. Check all stocks that saw big block deals this week.
One of the major reasons behind investment in Adani firms, as per Rajiv would be that these companies ‘own and operate some of the largest and most important infrastructure assets throughout India and around the world.’