Adani group stocks end on mixed note; post NDTV deal

New Delhi: Adani group stocks ended on a mixed note on Wednesday, a day when the broader market also depicted a volatile trend.

Shares of Adani Enterprises jumped 3.74 per cent, Adani Transmission advanced 2.97 per cent, and Adani Ports and Special Economic Zone gained 0.40 per cent on the BSE.

On the other hand, Adani Power fell 5 per cent, Adani Green Energy declined 2.46 per cent, Adani Wilmar went lower by 1.81 per cent and Adani Total Gas dipped 0.29 per cent.

In a highly volatile trade, the 30-share BSE Sensex climbed 54.13 points or 0.09 per cent to settle at 59,085.43.

Most of the Adani group stocks ended lower on Tuesday following a report that the conglomerate is "deeply overleveraged", with the group predominantly using debt to invest aggressively across existing as well as new businesses.

Richest Indian Gautam Adani's ports-to-power-to-cement conglomerate is "deeply overleveraged" with the group predominantly using debt to invest aggressively across existing as well as new businesses, CreditSights, a Fitch Group unit, said on Tuesday.

In another development, billionaire Gautam Adani on Tuesday launched a hostile bid to take over NDTV, first with an indirect acquisition of a 29.18 per cent stake in the broadcaster followed by an offer to buy out a further 26 per cent controlling stake.