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.
| Stock | Open | Close | Weekly Movement | Weekly % Change |
|---|---|---|---|---|
| ADANIENT.NS | ₹2,837.05 | ₹2,991.80 | ₹154.75 | 5.45% |
| ACC.NS | ₹2,132.45 | ₹2,212.35 | ₹79.90 | 3.75% |
| AMBUJACEM.NS | ₹497.90 | ₹522.40 | ₹24.50 | 4.92% |
| ATGL.NS | ₹1,179.95 | ₹1,046.95 | -₹133.00 | -11.27% |
| ADANIENSOL.NS | ₹1,137.95 | ₹1,047.25 | -₹90.70 | -7.97% |
| ADANIGREEN.NS | ₹1,554.40 | ₹1,526.65 | -₹27.75 | -1.79% |
| ADANIPORTS.NS | ₹1,026.80 | ₹1,078.55 | ₹51.75 | 5.04% |
| ADANIPOWER.NS | ₹535.00 | ₹538.85 | ₹3.85 | 0.72% |
| AWL.NS | ₹379.75 | ₹369.25 | -₹10.50 | -2.76% |
| NDTV.NS | ₹273.10 | ₹266.20 | -₹6.90 | -2.53% |
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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