Adani Cement Companies Surge Last Week Even As Other Group Stock Fall

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%
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%

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%.

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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.

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Posted In: EquitiesMarketsMoversTrading IdeasAdani Group