Adani Energy shares jump 10%, hit 52-week high on strong response to QIP

Adani Energy shares jump 10%, hit 52-week high on strong response to QIP

Shares of Adani Energy Solutions surged nearly 10% on Thursday after the $1-billion qualified institutional placement (QIP) was oversubscribed six times, garnering a demand of over Rs 50,000 crore according to an ET report. The stock also hit a fresh 52-week high of Rs 1,250 on the NSE amid significant volume, when 1.27 crore shares … Read more