News Indian Bulletin

Adani Total Gas and Adani Power: Understand Why These Adani Shares Are Making News Today

<p>Despite the domestic benchmark indices Sensex and Nifty 50 starting the day of trading in the red, the share prices of Adani Group companies Adani Total Gas and Adani Power traded in the black on Thursday, September 7.<img decoding=”async” class=”alignnone wp-image-165475″ src=”” alt=” download 2023 09 07t180520.594″ width=”1491″ height=”838″ srcset=” 299w,×84.jpg 150w” sizes=”(max-width: 1491px) 100vw, 1491px” title=”Adani Total Gas and Adani Power: Understand Why These Adani Shares Are Making News Today 21″></p>
<p>The rise in Adani Group stock prices coincided with reports that some of India’s wealthiest businesspeople, including Mukesh Ambani, Gautam Adani, Kumar Mangalam Birla, and others, will likely gather for dinner during the G20 Summit in the country’s capital in 2023.</p>
<p>At 10:37 IST today, Adani Power shares were up 0.45% to Rs 349.10 per share, while Adani Total Gas shares were up 0.72% to Rs 649.35 per share. The news that Adani Total Gas had been given a work order dated September 5, 2023 from the Ahmedabad Municipal Corporation (AMC) to “Design, Build, Finance and Operate a 500 Tonnes Per Day (TPD) Capacity Bio-CNG (CBG) Plant on PPP Model” at Pirana / Gyaspur, Ahmedabad for a concession period of 20 years, attracted attention to the company’s shares.</p>
<p>Yesterday’s trading volume for Adani Power was 31,152 shares, and the company completed the day at Rs 347.55. 17,719,127 shares were traded on average during the last 7 days.</p>
<p>Today’s share price activity for Adani Enterprises, the parent company of the Adani Group, was also positive. At 10:55 IST today, Adani Enterprises shares were up 0.27% to Rs 2,503.20 a share. At 10:57 IST, Adani Wilmar shares were up 0.33% to Rs 353.80 a share.</p>
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