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Adani Transmission hits fresh all-time high; stock surges 30% in a week

In the past week, the stock has rallied 30 per cent as compared to 0.22 per cent decline in the S&P BSE Sensex

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SI Reporter Mumbai
Shares of Adani Transmission hit a fresh all-time high of Rs 341, up 10 per cent on the BSE on Monday in an otherwise range-bound market after the company announced buyback of non-convertible debentures (NCDs) worth Rs 135 crore.

The stock surpassed its previous high of Rs 317, recorded on Friday in intra-day trade. In the past week, the stock has rallied 30 per cent as compared to 0.22 per cent decline in the S&P BSE Sensex.

"Company has bought back 1,350 rated, listed, secured, redeemable, NCDs having face value of Rs 10 lakh each aggregating to Rs