The Adani Group stocks are buzzing on the Indian bourses from past trading session. The Adani Enterprises stock surged in the previous trading session and touched its fresh 52-week high of Rs 160.7 per share.
On Wednesday, the stock seems to have corrected itself and is trading at Rs 146.35 per share up by 1%.
There was good positivity floating in the market on Tuesday which attracted the heavy volumes in the stock and resulted in pushing up the stock to its record high. As per the data available on NSE, there was only 3.69% of deliverable quantity to traded quantity. The traded volume in the stock on Wednesday is also high at 1,72,66,515 shares with traded value of Rs 247.68 Cr.
Adani Enterprises Limited recently acquired the Adani Infrastructure Private Limited to witness the business expansion. The company’s peers on BSE-like, State Trading Corporation of India Limited and MMTC Limited also shown a similar trend on April 18 and April 19 trading sessions.