The trading week for Adani Group stocks concluded on a mixed note, with Adani Ports emerging as the star performer.
Adani Enterprises opened at ₹2,929.00 on Monday and closed at ₹3,157.45 on Friday, marking a weekly gain of ₹228.45 or 7.80%. This gain can be attributed to the company’s impressive Q3 results, as reported on February 1, where the company’s net profit soared 130% to ₹1,888.45 crore.
| listed_name | first_open | last_close | weekly_movement | weekly_percentage_change |
|---|---|---|---|---|
| ADANIENT.NS | ₹2,929.00 | ₹3,157.45 | ₹228.45 | 7.80% |
| ACC.NS | ₹2,520.05 | ₹2,499.45 | -₹20.60 | -0.82% |
| AMBUJACEM.NS | ₹570.90 | ₹557.40 | -₹13.50 | -2.36% |
| ATGL.NS | ₹1,010.00 | ₹999.25 | -₹10.75 | -1.06% |
| ADANIENSOL.NS | ₹1,085.00 | ₹1,052.05 | -₹32.95 | -3.04% |
| ADANIGREEN.NS | ₹1,684.95 | ₹1,674.25 | -₹10.70 | -0.64% |
| ADANIPORTS.NS | ₹1,155.00 | ₹1,261.45 | ₹106.45 | 9.22% |
| ADANIPOWER.NS | ₹570.00 | ₹559.40 | -₹10.60 | -1.86% |
| AWL.NS | ₹352.95 | ₹350.30 | -₹2.65 | -0.75% |
| NDTV.NS | ₹278.15 | ₹268.45 | -₹9.70 | -3.49% |
However, Adani Ports outshone all with a stellar performance. The stock opened at ₹1,155.00 and closed at ₹1,261.45, registering a weekly gain of ₹106.45 or 9.22%. The company’s share price continued to make gains following the release of its December quarter results, which showed a remarkable 67.8% increase in net profits, as reported on February 2.
See Also: Paytm Share Price Cant Move More Than 10 From Monday As Stock Exchanges Change Limit
On the other hand, Ambuja Cements and Adani Green witnessed a dip. Ambuja Cements saw a weekly drop of ₹13.50 or 2.36%, closing at ₹557.40 from the opening price of ₹570.90.
Adani Green also experienced a slight decline. The stock opened at ₹1,684.95 and closed at ₹1,674.25, marking a weekly loss of ₹10.70 or 0.64%.
Other stocks in the group, including Adani Transmission and Adani Total Gas also saw a downward trend this week.
Read Next: Top 10 Richest People In India Right Now
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.