New Delhi, May 14 -- Adani Enterprises shares surged 8% on Thursday, 14 May, to hit a fresh 52-week high of Rs.2,699.95 on the BSE after nearly 60 lakh shares reportedly changed hands through a block deal. The sharp rally extended the stock's gains to around 10% over the last two trading sessions.

According to media reports, the block transaction was valued at nearly Rs.1,435 crore and was executed at Rs.2,435.60 per share, implying a discount of about 2.5% to the previous closing price of Rs.2,500. The identities of the buyers and sellers involved in the deal were not immediately known.

The Adani Group flagship stock has witnessed a strong recovery in recent months and has now climbed nearly 54% from its 52-week low of Rs.1,753.45 touc...