Adani Group stocks recover by up to 18% from intra-day lows

Adani Enterprises, Adani Transmission, Adani Power and Adani Ports have recovered between 9% and 18% from their respective intra-day lows.

Shares of Adani Group companies have recovered by up to 18% from their early morning lows on hopes that the ruling Bharatiya Janata Party (BJP) will retain power in Gujarat.

Adani Enterprises, the flagship company of the Gujarat based Adani Group, was trading 1% higher at Rs 156, recovering 18% from its intra-day low of Rs 132 on the BSE. The stock hit an intra-day high of Rs 158 so far.

Adani Transmission, Adani Power and Adani Ports and Special Economic Zone were trading higher in the range 1% to 3%. These stocks recovered between 9% and 14%