Adani Enterprises Shares Gain 3%, Rally In Adani Stocks Add Over Rs 20,000 Crore In Investor Wealth

The share price of Adani Group's flagship firm Adani Enterprises traded in the green on Tuesday. Adani Enterprises shares were seen trading 3.05% higher at Rs 2214.55 per share at 12:41 pm IST today. The lift in the stock's share price was seen after the company informed via an exchange filing on Monday that its step-down subsidiary Mumbai Travel Retail Private Limited has completed the incorporation process of its wholly owned subsidiary namely "MTRPL Macau Limited" (MML) in Macau on November 20, 2023.

The Adani group firm informed that MML has been incorporated for bidding for duty-free liquor and tobacco shops at Macau International Airport. Mumbai Travel Retail has an authorized share capital of MOP $25,000 (about Rs 2.5 lakh).

Rally In Adani Stocks Add Over Rs 20,000 Crore In Investor Wealth

It is worth mentioning that most Adani group stocks traded in the green today. The rally in Adani Group shares added more than Rs 20,960.2 crore in investor wealth, taking their total market capitalization to Rs 10.4 lakh crore at the time of filing this story today.

The share price of another Adani Group stock Adani Wilmar Ltd. rose over 4% by noon trade on Tuesday.

Adani Total Gas shares were up 2.16% at Rs 542.65 per share at 12:59 pm IST, while the share price of New Delhi Television Ltd. was up 1.28% at Rs 193.65 per share at 1 pm IST. Adani Energy Solutions shares were up 1.64% at Rs 738.75 per share in the intraday trading.