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Adani Power and group shares surge as Strait of Hormuz blockade worries investors

Adani Power logoAdani Power
Sig1.20Sen+1.80Env0.00Soc0.00Gov0.00
Adani Total Gas logoAdani Total Gas
Sig2.25Sen+2.70Env0.00Soc-0.65Gov0.00
Adani Green Energy logoAdani Green Energy
Sig1.35Sen+3.10Env0.00Soc0.00Gov0.00

Adani Total Gas, Adani Power and Adani Green Energy shares rallied sharply over five sessions despite weak overall sentiment, outperforming the broader market. The move is linked to the Iran-US conflict and the Strait of Hormuz blockade raising concerns about oil and gas supply to India, alongside reports of an LPG cylinder supply crunch. Shriram Asset Management said 55-65% of India’s LNG imports transit the strait.

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