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Adani Group stocks trade in the green; Know why! 

Shares of seven Adani Group companies were trading in the positive zone in Monday's trading session, extending the gains from Friday's trade.

The Nifty50 index's biggest gainer was Adani Enterprises Ltd, which zoomed 11.68% and Adani Ports & Special Economic Zone Ltd gained 3.11%.

Adani Total Gas Ltd, Adani Green Energy Ltd, Adani Transmission Ltd, Adani Wilmar Ltd, and Adani Power Ltd were up 5% each.

On Friday, ICRA cut the outlook of Adani Ports & Special Economic Zone and Adani Total Gas from ‘stable’ to ‘negative’. Despite that, the shares rose.

LIC chairperson MR Kumar told CNBC-TV18 about its meeting with Adani management and that they are now more optimistic about the group's business.

This news improved the overall sentiment.

MSEDCL's petition to challenge the decision of the Appellate Tribunal for Electricity in favour of Adani Power was denied by the Supreme Court.

GQG Partners, last week, acquired 21 crore shares worth 15,446 crore in four Adani Group companies.

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Adani Group stocks trade in the green; Know why!

Shares of Adani Enterprises Ltd were up over 10%, Adani Ports & Special Economic Zone Ltd was trading over 2% higher, Adani Total Gas Ltd, Adani Green Energy Ltd, Adani Transmission Ltd, Adani Wilmar Ltd, and Adani Power Ltd were up 5% each.

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Adani Group stocks trade in the green; Know why!

Shares of Adani Enterprises Ltd were up over 10%, Adani Ports & Special Economic Zone Ltd was trading over 2% higher, Adani Total Gas Ltd, Adani Green Energy Ltd, Adani Transmission Ltd, Adani Wilmar Ltd, and Adani Power Ltd were up 5% each.

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