Shares of Adani Enterprises Ltd, the flagship company of the Adani Group, have delivered about 200 per cent return to investors from its 52-week low at Rs 1,017.10.
Adani Group's flagship company, Adani Enterprises Ltd, advanced about 7 per cent in the early trade to Rs 3,155, with a total market capitalization of Rs 3.5 lakh crore.
The blue-chip counters of Adani Group were leading the gains in the Nifty50 pack but the cash market stocks outperformed the headline peers in the early trade.
Indian billionaire Gautam Adani’s conglomerate is set to shed light on its plans for $1.25 billion of Adani Green Energy Ltd. notes that come due next year.
A report in Bloomberg News said allegations put up by US-based Hindenburg Research were closely examined as the International Development Finance Corp., or DFC, conducted a due diligence investigation of the conglomerate.