Adani Green Energy, Adani Power shares lead gains among group stocks on Tuesday

Adani Group stocks are trading with gains on Tuesday, January 14, led by shares of Adani Power and Adani Green Energy.

While shares of Adani Power are trading with gains of 16%, those of Adani Green Energy and Adani Energy Solutions are trading with gains of 12% each.

Shares of Adani Total Gas are trading 7.5% higher, while those of Adani Enterprises, the flagship group company, are trading with gains of 7%. The stock is also the top gainer on the Nifty 50 index.

The other Adani Group stock on the Nifty 50 index, Adani Ports, is trading 5% higher on Tuesday.

Adani Energy Solutions shared a business update for the December quarter, where it said that it maintained system availability of 99.7% during the quarter. It also added 225 circuit kilometers (ckm) during the quarter, taking the total transmission network to 26,485 ckm.

Last week, brokerage firm Ventura Securities wrote in a note about Adani Ports, where it projected a 50% upside on the stock over the next 24 months. It recommended buying for a price target of ₹1,674.

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