Shares of the Adani Group saw a bullish trend on Tuesday, with buying seen in nearly all stocks of the group led by Adani Green Energy and Adani Power.
Adani Green Energy surged 2.47 per cent at 1.19 pm; Adani Power was up 2.33 per cent and Adani Energy Solutions by 1.96 per cent.
Other than this, Adani Group flagship company Adani Enterprises stock rose by 1.72 per cent.
APSEZ stock was trading with a gain of 1.36 per cent, while Adani Total Gas was up by about 0.3 per cent.
The cement companies Ambuja and ACC of the group were up by about 1.50 per cent during this period.
During this period, the market cap of the group has increased by about Rs 16,000 crore to nearly Rs 12.80 lakh crore.
In the recent past, there have been many positive developments about Adani Group's companies that boost investors' confidence.
Recently, Adani Petrochemicals, a subsidiary of Adani Enterprises, announced a joint venture with Indorama Resources named 'Valor Petrochem'. Adani Petrochemicals will have a 50 per cent stake in this joint venture.
Through this joint venture, the Adani Group plans to take advantage of Indorama's expertise in the petrochemicals sector.
Adani Petrochemicals was formed in 2021. The company intends to establish refineries and petrochemical complexes in the country.
Indorama Ventures, the parent entity of Indorama Resources, is a leading global petrochemical company with operations in over 35 countries.
Thailand-based Indorama is one of the world's largest producers of integrated polyester products and fibres and a major chemical sector player.
Meanwhile, Sensex and Nifty were trading in the green with almost a 0.4 percent rise.
1,724 stocks were trading in green on the National Stock Exchange (NSE), while 487 stocks were trading in red.
Read also| Morgan Stanley Forecasts 18% Rise in Sensex by End of 2025
