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Adani Transmission rallies for 12th straight day; stock zooms 67%

The stock up 5% at Rs 213, extending its past two days 15% gain, after the company said RInfra entered into exclusive talks with the company for selling its Mumbai power business.

Adani Transmission up for the 12th straight trading days; stock zooms 67%
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SI Reporter Mumbai
Adani Transmission is locked in upper circuit of 5% at Rs 213, extending its 15% gain of the last two trading sessions on the BSE, after the company said Reliance Infrastructure (RInfra) entered into exclusive talks with the company for selling its Mumbai power business.

The stock of electric utilities company was trading at its record high price, gaining for the 12th straight trading session. Since September 26, it appreciated by 67% from Rs 127, as compared to 1% gain in the benchmark S&P BSE Sensex.

The BSE and NSE with effect from today, October 12, 2017, revised