Adani Group's Eventful Week: Stocks Swing Amidst SEBI Investigation And Refinancing Reports

This week, stocks of the Adani Group exhibited a mixed bag of performances, with Ambuja Cements Limited and ACC Limited coming out as the top performers. This was a week of highs and lows for the conglomerate, marked by significant developments related to its ongoing legal battles, investment talks, and strategic moves.

Starting the week on a rocky note, the SEBI investigation into alleged stock manipulation by the Adani Group was brought into question. This led to all Adani stocks sinking into the red on Tuesday.

Companyfirst_openlast_closeweekly_movementweekly_percentage_change
Adani Enterprises Limited₹2,565.00₹2,540.05-₹24.95-0.97%
ACC Limited₹2,024.25₹2,026.85₹2.600.13%
Ambuja Cements Limited₹439.25₹445.05₹5.801.32%
Adani Total Gas Limited₹649.95₹636.35-₹13.60-2.09%
Adani Energy Solutions Limited₹843.40₹846.10₹2.700.32%
Adani Green Energy Limited₹1,017.95₹1,006.45-₹11.50-1.13%
Adani Ports and Special Economic Zone Limited₹840.00₹845.65₹5.650.67%
Adani Power Limited₹373.00₹379.40₹6.401.72%
Adani Wilmar Limited₹358.45₹352.30-₹6.15-1.72%
New Delhi Television Limited₹214.45₹219.65₹5.202.42%

As the week progressed, the group bounced back following reports of refinancing discussions for the debt incurred in the acquisition of Ambuja Cements Ltd. This news led to a green surge across all 10 listed stocks of the group.

Ambuja Cements Limited opened the week at ₹439.25 and closed at ₹445.05, registering a weekly movement of ₹5.80, a positive change of 1.32%.

Close behind was ACC Limited, which opened at ₹2,024.25 and closed at ₹2,026.85, witnessing a marginal weekly rise of ₹2.60, translating to a 0.13% increase.

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Meanwhile, Adani Enterprises Limited, one of the flagship stocks of the conglomerate, had a slightly disappointing week. The stock opened at ₹2,565.00 and closed at ₹2,540.05, marking a decrease of ₹24.95 or -0.97% over the week.

Other significant Adani stocks also showed varied results. Adani Green Energy Limited saw a dip of -1.13 % over the week, despite rumours of potential investment talks with French multinational energy corporation TotalEnergies SE.

Adani Ports and Special Economic Zone Limited closed the week at ₹845.65, up by ₹5.65 or 0.67% from its opening price of ₹840.00. This comes after news that the promoter group increased its stake in the company.

However, not all Adani stocks ended the week in green. Adani Total Gas Limited and Adani Wilmar Limited suffered losses, with their stocks closing the week at ₹636.35 and ₹352.30, down by -2.09% and -1.72% respectively.

All in all, the week saw a range of performances across the Adani Group stocks, with gains for some and losses for others. As we head into the next week, investors will be closely monitoring these stocks for any significant shifts in trends, especially in light of the impending Supreme Court review of SEBI’s findings on the allegations against the Adani conglomerate.

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