The week saw a mixed bag of performance for the Adani Group stocks, with Adani Green Energy emerging as the standout performer. The stock registered a gain of ₹28.80, or 3.17%.
On the flip side, Adani Enterprises closed the week at ₹2,205.10, down from its opening price of ₹2,253.95, marking a weekly decline of 2.17%.
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Adani Ports and Special Economic Zone, managed to stay in the green, albeit with a marginal gain. It closed at ₹808.60, up from its opening price of ₹801.50, marking a weekly uptick of 0.89%. The stock had slumped sharply earlier in the week, despite its revenue growing by 27% in Q2.
Similarly, Adani Transmission and Adani Total Gas saw a dip in their stock prices, closing the week at ₹539.50 and ₹760.45, respectively. This represented a weekly decline of 2.76% for Adani Transmission and 2.14% for Adani Total Gas, though Adani Transmission had previously seen a jump in its shares as its profits soared by 47% in Q2.
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Among the other stocks in the group, Adani Power managed to register a weekly gain of 2.69%, closing at ₹399.40, up from its opening price of ₹388.95. However, Adani Wilmar closed the week at ₹293.40, down from its opening price of ₹317.95, marking a significant weekly decline of 7.72%. This decline came amidst reports of the Adani Group looking to divest its entire stake in Adani Wilmar to shore up cash.
Despite the mixed performance, the group’s cement arm, Ambuja Cements, managed to limit its weekly loss to 0.91%, closing at ₹418.10, down from its opening price of ₹421.95. The Adani Group also made headlines this week for its Sri Lanka project set to receive massive funding from the US and for Gautam Adani’s meeting with the King of Bhutan eyeing green investments.
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