Adani Cement Companies Surge Last Week Even As Other Group Stock Fall
Take Stock Of The Week Ahead

Get all the latest Share Market trends and news to set you up for the week ahead.

As the trading week came to a close on Friday, the performance of Adani Group stocks presented a mixed bag. The week’s highlight was ACC’s stellar performance, while Adani Enterprises witnessed a slight dip.

It’s worth noting that the performance of ACC comes on the back of a significant surge in profits. Earlier this week, ACC reported a robust Q3. The company opened the week at ₹2,273.00 and closed at ₹2,467.65, marking a significant weekly movement of ₹194.65. This translates to an impressive weekly percentage change of 8.56%.

StockOpenCloseMovementWeekly % Change
Adani Enterprises₹2,945.35₹2,893.60-₹51.75-1.76%
ACC₹2,273.00₹2,467.65₹194.658.56%
Ambuja Cement₹526.85₹560.15₹33.306.32%
Adani Total Gas₹1,000.00₹1,002.95₹2.950.30%
Adani Energy₹1,070.90₹1,061.80-₹9.10-0.85%
Adani Green₹1,610.00₹1,664.80₹54.803.40%
Adani Ports₹1,162.25₹1,146.30-₹15.95-1.37%
Adani Power₹529.00₹543.30₹14.302.70%
Adani Wilmar₹357.85₹351.00-₹6.85-1.91%
NDTV₹270.00₹277.80₹7.802.89%

On the other hand, Adani Enterprises didn’t fare as well. The stock opened at ₹2,945.35 and closed at ₹2,893.60, indicating a weekly movement of -₹51.75. This represents a weekly percentage change of -1.76%.

See Also: Zomato Expands Into Digital Payments With Rbis Green Light Here’s What We Know

Despite the dip, it’s important to remember that Adani Enterprises has shown a noteworthy recovery since the Hindenburg report in 2023. The stock has nearly doubled in value since the report, which accused Gautam Adani of "pulling the largest con in corporate history".

Other notable performers in the Adani Group included Ambuja Cement and Adani Green. Ambuja Cements, saw a weekly movement of ₹33.30, marking a percentage change of 6.32%. Meanwhile, Adani Green, witnessed a positive weekly movement of ₹54.80, equating to a percentage change of 3.40%.

Among the other Adani stocks, Adani Total Gas and Adani Energy Solutions remained relatively stable, with minor weekly movements of ₹2.95 and -₹9.10 respectively. Adani Ports saw a slight dip with a weekly movement of -₹15.95.


Engineered by Benzinga Neuro, Edited by Utkarsh Roshan


The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.


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.

Comments
Loading...