Adani stocks continued to gain momentum as big investors reposed faith in the group after the clarification on the alleged US bribery case. The Indian conglomerate claimed that there were no bribery charges against Gautam Adani and other group executives.
Bourses BSE and NSE have put the securities of both companies under the short-term ASM (Additional Surveillance Measure) framework. Exchanges put stocks in short-term or long-term ASM frameworks to caution investors about high volatility in share prices.
Shares of Adani Energy Solutions Ltd were trading 6.55 per cent higher at Rs 704.55. Adani Green Energy Ltd jumped 5.51 per cent to Rs 1,043.85. The two stocks have been put under the first stage of the short-term ASM on NSE and BSE.
TotalEnergies, yesterday, said it won't make any new financial contribution as part of its investments into the Adani group of companies amid a US federal indictment against its chief and his nephew Sagar Adani.