Adani Enterprises shares: As part of the semi-annual rebalancing of the BSE indices, Adani Enterprises Ltd is anticipated to take the place of Wipro in the benchmark Sensex. By Friday, May 24, the official announcement in this regard is probably going to be made.
Adani Enterprises shares, It will be the first time a business led by Gautam Adani has entered the 30-share BSE pack. The addition of Adani Ent to the Sensex is expected to bring in $118 million (about Rs 1,000 crore) in inflows from passive funds that track the index, according to IIFL Alternative Research.
On the stock front, during Thursday’s trading session, the company’s shares saw a notable surge, jumping 5.43 per cent to reach a high of Rs 3,309.95. At the time this piece was written, almost 85,000 shares had traded hands on the BSE. The amount was greater than the 1.05 lakh share two-week average. Market capitalization (m-cap) of Rs 3,76,776.07 crore was demanded by the counter, which saw turnover of Rs 27.36 crore.
Regarding a different matter entirely, the Adani Group has responded to a news story that claimed ten years ago the company had provided “low-grade coal as higher quality coal to a state government-owned power generation company.”
Negating the claims, an Adani representative described them as “false and baseless.”
“The claim that Adani Global Pte Ltd provided substandard coal to TANGEDCO, in contrast to the quality standards outlined in the tender and purchase order, is inaccurate,” stated the spokesperson.
The individual emphasized the challenge of commenting on specific cases due to the extensive data, time passed, and contractual obligations. They highlighted that regardless of the supplier’s declaration, the coal undergoes quality testing at the receiving plant.
Also Read | Adani Group is under fire for its coal supplies
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