Business Standard

Adani Enterprises at BSE high on mines buyout reports

Image

Press Trust of India Mumbai

Adani Enterperises today rose nearly 1 per cent in early trade to hit an all-time high on the Bombay Stock Exchange amid report that the company is buying coal mines and port assets.

Shares of Adani Enterprises rose by 0.97 per cent to an all time high of Rs 675 on the Bombay Stock Exchange.

The stock saw a similar move on the National Stock Exchange and climbed to an early high of Rs 674.80, up 0.91 per cent from previous close.

Meanwhile, the broader gauge was trading weak at 18,225.02 points, down 0.47 per cent from previous close.

According to a media report, Adani Enterprises, which is a coal, power and mining major, may soon make an announcement on buying coal mines and port assets worth $1.6 billion.

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 25 2010 | 11:12 AM IST

Explore News