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Multibagger stock: Adani Power stock climbed 3.98% to a record high of Rs 725.75 against the previous close of Rs 698.20 on BSE. Market cap of the firm rose to Rs 2.74 lakh crore.
Domestic equity indices, BSE benchmark Sensex and NSE Nifty, surged on Wednesday, led by gains in fast-moving consumer goods and Reliance Industries, ahead of the Federal Reserve minutes.
Shares of multibagger Mazagon Dock Shipbuilders zoomed to their fresh record high amid a rally in the broader market on Friday. Mazagon Dock Shipbuilders stock surged 14.57% intraday to Rs 2794.40 against the previous close of Rs 2439 on BSE. Total 3.61 lakh shares of the firm changed hands amounting to a turnover of Rs 95.58 crore. Market cap of Mazagon Dock rose to Rs 55,808 crore on BSE.
Adani Power shares: The Adani Group stock, which fell to a 52-week low of Rs 214 on May 19, 2023 ended at Rs 640 on BSE in the current session. On similar lines, the multibagger stock has gained 171% in a year.
The 30-share BSE benchmark Sensex declined 384 points or 0.52% to settle at 73,512. The broader NSE Nifty dropped 140 points or 0.62% to end at 22,302. Oil steadied on Tuesday as weakness in the physical market countered concern about conflict in the Middle East as Israel stepped up attacks in southern Gaza and a ceasefire deal between Hamas and Israel hung in the balance.