Adani Power Sizzles, While Ports And Ambuja Cement Fizzle: Week In Review

The stock market was a mixed bag for the Adani Group this week, as Adani Power Limited outperformed, while Adani Ports and Special Economic Zone Limited and Ambuja Cements Limited underperformed.

Adani Power, which opened at ₹306.70 on Monday, closed at ₹325.05 on Friday, marking a weekly gain of ₹18.35, or 5.98%. This stellar performance made it the star of the Adani Group’s portfolio for the week.

StockMonday OpenFriday CloseChange (₹)Change (%)
Adani Enterprises Limited₹2,588.00₹2,495.75-₹92.25-3.56%
ACC Limited₹1,934.20₹1,962.55₹28.351.47%
Ambuja Cements Limited₹454.10₹434.60-₹19.50-4.29%
Adani Total Gas Limited₹659.00₹653.75-₹5.25-0.80%
Adani Energy Solutions Limited₹879.00₹874.55-₹4.45-0.51%
Adani Green Energy Limited₹1,006.40₹979.45-₹26.95-2.68%
Adani Ports and SEZ Limited₹840.10₹806.60-₹33.50-3.99%
Adani Power Limited₹306.70₹325.05₹18.355.98%
Adani Wilmar Limited₹382.00₹373.55-₹8.45-2.21%
New Delhi Television Limited₹225.35₹220.65-₹4.70-2.09%

This surge in Adani Power’s stock performance comes in the wake of the recent financial milestone achieved by the Adani Group. The group’s equity deployment across various businesses now surpasses half of its total assets, a first for the conglomerate.

On the other hand, Adani Ports and Ambuja Cements had a rough week. Adani Ports opened at ₹840.10 on Monday and closed at ₹806.60 on Friday, registering a weekly loss of ₹33.50, or 3.99%. Similarly, Ambuja Cements, which opened at ₹454.10, closed the week at ₹434.60, a decline of ₹19.50, or 4.29%.

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Adani Enterprises Limited and Adani Green Energy Limited, two other major stocks of the Adani Group, also experienced a downward trend. Adani Enterprises declined by ₹92.25, or 3.56%, closing at ₹2,495.75 from Monday’s open of ₹2,588.00. Adani Green saw a drop of ₹26.95, or 2.68%, ending the week at ₹979.45 from an opening price of ₹1,006.40.

Interestingly, just before the week, Adani Enterprises shares were surging following the purchase of 2.53 crore shares by its promoter entity, Kempas Trade & Investment Ltd. This development had seen the shares of the flagship entity of the Adani Group making gains for four straight sessions.

Other Adani stocks such as Adani Total Gas LimitedAdani Energy Solutions Limited, and Adani Wilmar Limited also had a slightly disappointing week. Adani Total Gas and Adani Energy Solutions saw a minimal drop of -₹5.25 and -₹4.45, respectively, while Adani Wilmar recorded a decline of -₹8.45.

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Posted In: EquitiesNewsMarketsACCadani enterprisesAdani GreenAdani GroupAdani PortsAdani PowerAdani Total GasAdani WilmarAmbuja CementsNDTV