This week saw a mixed bag of performances from the stocks of the Adani Group, with Adani Ports stealing the spotlight as the best performer and Adani Total Gas reeling on the other end of the spectrum.
Earlier in the week, Gautam Adani, chairperson of Adani Group, announced at the Vibrant Gujarat Global Summit 2024 a hefty investment plan of over ₹2 lakh crore in Gujarat over the next five years. This commitment, aimed at expanding the green supply chain for an Aatmanirbhar Bharat, is expected to generate 1 lakh jobs.
| listed_name | first_open | last_close | weekly_movement | weekly_percentage_change |
|---|---|---|---|---|
| ADANIENT.NS | ₹3,020.00 | ₹3,104.10 | ₹84.10 | 2.78% |
| ACC.NS | ₹2,400.05 | ₹2,332.40 | -₹67.65 | -2.82% |
| AMBUJACEM.NS | ₹544.25 | ₹532.40 | -₹11.85 | -2.18% |
| ATGL.NS | ₹1,092.90 | ₹1,058.50 | -₹34.40 | -3.15% |
| ADANIENSOL.NS | ₹1,170.85 | ₹1,152.20 | -₹18.65 | -1.59% |
| ADANIGREEN.NS | ₹1,685.30 | ₹1,710.70 | ₹25.40 | 1.51% |
| ADANIPORTS.NS | ₹1,160.00 | ₹1,207.10 | ₹47.10 | 4.06% |
| ADANIPOWER.NS | ₹553.95 | ₹541.15 | -₹12.80 | -2.31% |
| AWL.NS | ₹378.00 | ₹367.60 | -₹10.40 | -2.75% |
| NDTV.NS | ₹280.00 | ₹287.20 | ₹7.20 | 2.57% |
The stock of Adani Ports and Special Economic Zone started the week at ₹1,160.00 and ended up closing at ₹1,207.10 on Friday, marking a healthy weekly gain of ₹47.10 or 4.06%.
On the contrary, Adani Total Gas Limited faced a setback, as its stock price dropped from ₹1,092.90 to ₹1,058.50 over the course of the week, resulting in a decrease of ₹34.40 or -3.15%.
Other stocks within the Adani Group also experienced fluctuations. Adani Enterprises saw a moderate increase in its stock price, starting at ₹3,020.00 and closing at ₹3,104.10, thus registering a 2.78% jump for the week.
Amidst these market movements, Mukesh Ambani reclaimed his title as the wealthiest Indian, surpassing Gautam Adani, courtesy of a 2.6% rise in shares of Reliance Industries.
The week was not as favourable for Adani Green Energy Limited, which saw a marginal increase from ₹1,685.30 to ₹1,710.70, reflecting a weekly gain of 1.51%.
Despite the overall mixed performance, it was a challenging week for Ambuja Cements as it saw a dip from ₹544.25 to ₹532.40, marking a decrease of -2.18%.
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