The stock of India's billionaire Gautam Adani 's Adani Energy Solutions Company has seen a stormy rise today. The company's shares have been trading with gains since early trade.

At the time of writing the news, Adani Energy Solutions shares were trading at Rs 1,328.10 per share, up 16.70 per cent or Rs 190.05.

The company's shares rose 8.34 per cent to Rs 1,232.95 on the National Stock Exchange. On the BSE, it jumped 7.92 per cent to Rs 1,227.75 per piece.

Shares are being sold

Adani Group company Adani Energy Solutions has announced the sale of shares. This is the first time the company will raise public equity after the Hindenburg report. The company said it will sell shares through Qualified Institutional Placement (QIP).

The company's QIP opened on Tuesday this week. The issue was subscribed three times in the last three trading sessions. The company has fixed the issue price at Rs 976 per share for the sale of shares. The company adopts the QIP route to raise funds from big institutions.

Adani Energy Solutions Share Performance

According to the website of Bombay Stock Exchange (BSE), the market cap of Adani Energy Solutions is Rs 1,43,508.13 crore. In one year, the company's stock has given a return of 43.67 percent. At the same time, in the last six months, the company's stock has risen by 20.45 percent.