Adani Green Shines, Ambuja Cements Slumps: Adani Group Stocks Mixed Week

Adani stocks have had an eventful week, with both positive and negative highlights. The star performer amongst the Adani Group stocks was Adani Green Energy Limited, while Ambuja Cements Limited faced a rough patch.

Adani Green Energy Limited started the week with its stock priced at ₹990.00 and ended the week at ₹1,018.80. The stock saw an increase of ₹28.80, marking a weekly percentage change of 2.91%. This made it the top performer amongst its Adani peers.

Adani Enterprises Limited₹2,519.80₹2,464.90-₹54.90-2.18%
ACC Limited₹2,050.30₹1,978.50-₹71.80-3.50%
Ambuja Cements Limited₹445.00₹420.95-₹24.05-5.40%
Adani Total Gas Limited₹644.45₹636.65-₹7.80-1.21%
Adani Energy Solutions Limited₹853.20₹847.35-₹5.85-0.69%
Adani Green Energy Limited₹990.00₹1,018.80₹28.802.91%
Adani Ports and Special Economic Zone Limited₹846.00₹827.05-₹18.95-2.24%
Adani Power Limited₹378.50₹383.90₹5.401.43%
Adani Wilmar Limited₹354.65₹342.80-₹11.85-3.34%
New Delhi Television Limited₹221.70₹215.25-₹6.45-2.91%

The surge in Adani Green Energy’s stock can be linked to the company’s recent significant business development. The board of Adani Green Energy approved the formation of a new 50:50 joint venture company with France’s TotalEnergies, as reported on September 20th. The partnership, which involves an additional investment of $300 million (₹2,500 crore) by TotalEnergies, will manage a considerable portfolio encompassing solar and wind power assets.

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On the other hand, Ambuja Cements Limited experienced a decline. Opening at ₹445.00, the stock faced a slump and closed at ₹420.95, marking a weekly movement of -₹24.05. This translates to a weekly percentage change of -5.40%, making it the worst performer of the week amongst the Adani stocks.

Other notable Adani stocks such as Adani Enterprises Limited and Adani Ports and Special Economic Zone Limited also saw movements. Adani Enterprises opened at ₹2,519.80 and closed at ₹2,464.90, marking a weekly movement of -₹54.90 (-2.18%). Adani Ports opened the week at ₹846.00 and closed at ₹827.05, seeing a weekly movement of -₹18.95 (-2.24%).

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