The three Adani Group stocks were trending differently in intraday trade on the BSE on Tuesday amid mixed news.

Adani Power locked in the 5% cap at Rs 171.15 for the fourth straight session. As of 9:28 am, the counter registered about 10.72 lakh shares on the BSE, with pending buy orders of 413,000. Meanwhile, the S&P BSE Sensex rose 0.2% to 60,822.

The stock has soared more than 21% in the past four days. Still, it is down nearly 38% from its January 24 close since US short-seller Hindenburg Research accused the group of market manipulation and accounting fraud.

Recently, Adani Group decided not to bid for a stake in state-owned power trader PTC India. The report said Adani was among the possible bidders reviewing preliminary information on the Mumbai-listed company, Bloomberg News reported in January.

Earlier, Adani Power scrapped plans to buy a coal power plant project in central India in a deal that could be worth Rs 7,000 crore ($848 million).

The over-the-counter buying was also attributed to NSE’s recent announcement to include Adani Power in the Nifty 500, Nifty 200, Nifty Midcap 100, Nifty Midcap 150 and Nifty LargeMidcap 250 indices from March 31, 2023.

Similarly, Adani Ports & SEZ shares rose 1.5% to Rs 589 after disbursing a Rs 1,500 crore loan and promising to pay back more as the embattled conglomerate lays out a comeback strategy after the latest sell-off.

Adani Ports is one of the worst losers in the sell-off. The stock is down 22.5% from its closing price on January 24, 2023. ACC has seen the smallest decline, falling 20% ​​within the group.

Adani Group has hired Kekst CNC as a global communications consultant to help change the narrative structure of international media. It also hired US law firm Wachtell, Lipton, Rosen and Katz to fight the short-sellers allegations.

As of September 2022, the group has total debt of Rs 2.26 lakh crore and cash of Rs 31,646 crore.

Meanwhile, shares of Adani Green were locked in a 5% low at Rs 568 amid reports that the company has decided to review its Rs 10,000 crore capital expenditure (capex) plan for the financial year 2023-24 (FY24).

Adani Green, Adani Total Gas and Adani Transmission were the three hardest-hit stocks in the sell-off. The stock plummeted 70%. The other two group stocks also fell by 77% and 70%, respectively.