Adani Enterprises jumps 7%, claims title of most valuable Adani Group firm

On August 2, Adani Wilmar, a 50:50 joint venture company between the Adani group and the Wilmar group filed draft papers for Rs 4,500 crore-IPO with Sebi.

Shares of Adani Enterprises rallied 7 per cent to Rs 1,528.30 on the BSE in intra-day trade on Friday, bouncing back 8 per cent from its day's low of Rs 1,417 on the back of heavy volumes. The stock had hit a record high of Rs 1,718.45 on June 7, 2021. Trading volumes on the counter jumped 1.6 times, with a combined 9.74 million equity shares having changed hands on the NSE and BSE till 12:19 pm. In comparison, the S&P BSE Sensex was down 0.24 per cent at 54,363 points.

With a market capitalisation (market-cap) of Rs 1.68 trillion, Adani Enterprises