Adani Enterprises Emerges Top Gainer As Group Ends Volatile Week

This week in the Indian stock market, the Adani Group experienced a mixed bag of fortunes. Adani Enterprises and Ambuja Cements emerged as the week’s top performers. On the flip side, Adani Total Gas experienced a sharp decline.

Interestingly, this varied performance comes amidst some pressing issues. The Adani Group’s ongoing association with Howe Engineering Projects (India), a firm previously under scrutiny for alleged funds channelling overseas. This continuing relationship might be causing some governance challenges.

StockOpenCloseWeekly MovementWeekly % Change

Opening at ₹2,837.05 on Monday, Adani Enterprises closed at ₹2,991.80 on Friday, marking a gain of ₹154.75. This translates to a weekly percentage change of 5.45%, making it one of the top performers in the Adani Group portfolio.

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Another notable performer was Ambuja Cements. The stock started the week at ₹497.90 and ended at ₹522.40, registering a weekly gain of ₹24.50, or a percentage change of 4.92%.

However, not all Adani Group stocks experienced such positive trends. Adani Total Gas saw a significant drop of ₹133.00, opening at ₹1,179.95 and closing at ₹1,046.95. This marked an 11.27% decline over the week. It’s worth noting that this slump came following a broader downturn in Adani stocks earlier in the week.

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Posted In: EquitiesMarketsMoversTrading Ideasadani enterprisesAdani GroupAdani Total GasAmbuja Cements