Adani Enterprises has moved higher by about 6% at Rs 264 on back of over two-fold jump in trading volumes.
A combined 4.02 million shares have already changed hands on the counter till late noon deals against an average sub 2 million shares that were traded daily in past two weeks on the BSE and NSE.
The stock has rallied 14% in past one week on reports that the company is planning a $1.5-billion global bond issue to fund its Australian coal, rail and port project.
The company earlier this week, announced that they had completed the coal mining exploration programme at the Carmichael mine in the Galillee basin of Queensland, Australia, and are estimating coal reserves of up to 10 billion tonne.
“This would be the single largest coal tenement globally where the company plans to set up world class mine, rail and port infrastructure, “the Business Standard report suggests.