Adani Wilmar, NDTV Jump Over 7% As Other Group Stocks Hold Steady

After a week of turbulent trading, Adani Group stocks showcased a mixed bag of results. Among the bunch, Adani Power emerged as the star performer while Adani Ports witnessed a dip.

Shares of Adani Power started the week at ₹387.30 and closed at ₹397.20 on Friday, marking a weekly gain of ₹9.90 or 2.56%. This positive performance crowned it as one of the best performers in Adani Group’s portfolio.

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On the flip side, Adani Ports had a rough week, opening at ₹810.05 and ending at ₹795.55. The stock experienced a weekly decline of ₹14.50 or 1.79%, making it the biggest loser among the group’s stocks.

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This decline comes against the backdrop of a probe by the Securities and Exchange Board of India (SEBI) into the Adani Group. As reported SEBI has, SEBI has assured the Supreme Court that it won’t seek more time to wrap up its investigation into the Adani group, related to the high-profile Hindenburg report matter. The Supreme Court has reserved its order in the case. The biggest bump was noticed in NDTV and Adani Wilmar.

Other noteworthy performances include Adani Enterprises and Adani Green. Adani Enterprises saw a marginal upward movement from ₹2,211.00 to ₹2,225.45, a change of ₹14.45 or 0.65%. In contrast, Adani Green had a flat week, with a slight uptick from ₹935.00 to ₹937.90, an increase of ₹2.90 or 0.31%.

Lastly, Ambuja Cements, an associate of the Adani Group, also ended the week on a sour note. The shares opened at ₹421.10 and closed at ₹414.30, marking a decrease of ₹6.80 or 1.61% over the week.

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