Shares of the Adani Group rise following a significant decline. This is the reason

Shares of all 10 Adani group stocks, including the flagship Adani Enterprises, surged by up to 8 percent during Thursday’s trading session, rebounding after a sharp decline on Wednesday.

Today's strong rally has contributed to the Adani Group's total market capitalization increasing by over Rs 50,000 crore, driven by a recovery in sentiment across the broader market.

Leading the gains were Adani Energy Solutions Ltd, Adani Green Energy Ltd, Adani Total Gas Ltd, and the flagship company Adani Enterprises Ltd, all witnessing gains of 5-8 percent.

Other Adani group companies, such as NDTV, Adani Ports and Special Economic Zone Ltd, ACC Ltd, and Adani Wilmar Ltd, also recorded gains ranging from 2-4.5 percent.

As of 12.55 pm, Adani Energy Solutions was up 8.28 percent on the Bombay Stock Exchange to Rs 1,026, Adani Green Energy by 7.16 percent to Rs 1,850.25, Adani Total Gas by 8.04 percent to Rs 944.10, and Adani Enterprises by 5.51 percent to Rs 3,065.

Gautam Adani, the billionaire owner of the Adani group, recently credited the success of his ports-to-power empire to improved credit ratings and enhanced banking relationships at a private event.

He emphasized the significance of transparency and adherence to international standards in governance, which facilitated the company in gaining support from both Indian and global financial institutions.

"To achieve good ratings, I enhanced disclosure as well as our governance and aligned it with international standards,” Adani stated.

Adani highlighted that the group has a well-balanced debt portfolio, with a combination of domestic and global banks, along with global bonds. "Presently, we maintain a balanced debt portfolio, with 29 percent from domestic banks, 30 percent from global banks, 34 percent through global bonds, and 7 percent from others," Adani added.

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