In the morning session, the 30-share BSE Sensex was trading 295.3 points or 0.49 per cent higher at 60,727.14. There were negative news flows for the group which weighed on investor sentiment including a sharp cut to the revenue growth target by the conglomerate along with a downward revision to the outlook of four Adani Group companies by Moody s. Adani Group Firms Shares Fall for Second Day, Adani Enterprises Down Nearly 5%.
Shares of Adani Group zoomed on Tuesday, with four of them hitting their all-time highs amid a broader market rally. While shares of Adani Enterprises zoomed 1.12 per cent to an all-time high of Rs 1,930, stock of Adani Power rallied 19.22 per cent to a record high of Rs 181.40 on BSE.
Similarly, shares of Adani Transmission touched an all-time high of Rs 2,478 against the previous close of Rs 2,495 and Adani Wilmar logged a fresh high of Rs 506.80 in the noon session today.