Adani Group Makes Major Recovery Last Week With Stocks Surging Upto 32% Last Week

Shares of the Adani Group witnessed a diverse performance last week, with Adani Total Gas Limited emerging as the star of the show.

Kicking off the week at ₹530.60, Adani Total Gas soared to conclude the week at ₹701.45, marking a substantial weekly gain of ₹170.85 or 32.20%. This gain was preluded by ATGL’s ambitious green hydrogen blending project taking off in Gujarat and its impressive jump of 13.71% during Wednesday's trading session.

StockOpenCloseWeekly MovementWeekly % Change

Equally notable this week was Adani Enterprises Limited. The stock started the week at ₹2,179.00 and closed at ₹2,362.70, a decent rise of ₹183.70, or 8.43%. Earlier in the week, Adani Enterprises had led the Nifty 50 gainers, registering a significant 8.9% rise.

See Also: Dall E 3 Now Available To Everyone For Free: Here How To Access It

Adani’s green energy ventures also saw positive trends. Adani Green Energy Limited and Adani Energy Solutions experienced a stock jump of 9.67% and 18.22% respectively. This was likely spurred by Adani Green Energy and Adani Energy’s impressive performance on the NIFTY 500 Index earlier in the week.

Conversely, Adani Ports and Special Economic Zone Limited had a less vibrant week. The stock opened at ₹795.90 and closed at ₹827.80, up merely by ₹31.90 or 4.01%. Despite the slower growth, Adani Ports had shown robust growth at the start of the week.

Ambuja Cements Limited, part of the Adani conglomerate, also saw a modest rise of ₹26.05 or 6.26%.

While the week showcased varied performances across the Adani Group’s portfolio, the significant surge in ATGL’s stock value stood out, making it the top performer among the group’s listed entities this week. This surge in the group’s stocks could be attributed to the Supreme Court’s recent stance on the allegations of accounting fraud and stock manipulation against the Adani Group.

Read Next: Top 5 Smartwatches For Women Under 5000

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Posted In: EquitiesMarketsMoversTrading IdeasAdani GroupAdani Total Gas