Adani Enterprises shares drop 3% after Adani group entities swap 86 lakh shares for Rs.2,498 crore | Is it a stock to buy?
New Delhi, Sept. 28 -- Adani Enterprises shares dropped nearly 3% in intraday trade on the BSE on Monday, 28 September, after Adani Group entities executed a bulk deal of 86 lakh shares on Friday. Adani Enterprises' share price opened at Rs.2,922.50 against its previous close of Rs.2,914.95 and declined 2.8% to an intraday low of Rs.2,834. Around 11:30 am, the stock was 2.7% down at Rs.2,835.
NSE bulk deal data for Friday, 25 September, showed that 86 lakh shares changed hands between promoter group entities of Adani Enterprises in a deal worth Rs.2,498 crore through separate block deals on Friday.
As per the NSE data, Adani Infra (India) bought 34,50,000 shares in the group's flagship company Adani Enterprises at an average price of Rs...
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