The Adani Group’s stocks witnessed a mixed trend during the week gone by, with some shares catching an uptrend and others witnessing a slight dip. The performance of these stocks was influenced by a number of significant events in the recent past.
The star performer of the week was Ambuja Cements. It started the week at ₹418.75 and ended on a positive note, with the last traded price being ₹421.10. The stock registered a weekly gain of 0.56%, making it the best performer within the Adani family.
Adani Ports and Special Economic Zone also enjoyed a healthy week. The stock opened at ₹808.00 and closed at ₹810.05, gaining 0.25% over the week. Its performance could possibly be influenced by the company’s announcement of its global expansion plans after securing US funding for a crucial port terminal project in Sri Lanka.
On the other hand, Adani Enterprises witnessed a marginal decline. The stock opened the week at ₹2,220.25 and closed slightly lower at ₹2,208.80, marking a weekly drop of 0.52%. This might be due to the recent news of investigators intensifying efforts to probe into the alleged overvaluation of coal imports by the Adani Group.
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Adani Total Gas also experienced a minor setback, with the stock falling by 0.18% from its opening of ₹535.00 to the closing price of ₹534.05.
Adani Green Energy and Adani Transmission saw their shares decline by 0.71% and 0.91% respectively, ending the week at ₹936.10 and ₹741.20.
The week, however, wasn’t kind to Adani Power, which saw the biggest dip among the group’s stocks. The stock started the week at ₹399.95 and ended at ₹387.30, registering a fall of 3.16%.
Overall, it was a week of mixed performances for the Adani Group’s stocks, with some managing to stay afloat amid volatile market conditions while others struggled to hold their ground due to recent developments surrounding the group.
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