Adani Group stocks experienced a mixed bag of performances this week, with Adani Green Energy leading the pack with a significant 11.68% weekly gain.
The week opened with Adani Green trading at ₹1,684.00 and closed on Friday at ₹1,880.70, marking a substantial ₹196.70 increase.
| Company | Open | Close | Movement | Weekly % change |
|---|---|---|---|---|
| Adani Enterprises | ₹3,170.00 | ₹3,215.20 | ₹45.20 | 1.43% |
| ACC | ₹2,510.00 | ₹2,628.05 | ₹118.05 | 4.70% |
| Ambuja Cement | ₹560.00 | ₹576.20 | ₹16.20 | 2.89% |
| Adani Total Gas | ₹1,003.00 | ₹1,023.75 | ₹20.75 | 2.07% |
| Adani Energy Solution | ₹1,051.05 | ₹1,054.70 | ₹3.65 | 0.35% |
| Adani Green | ₹1,684.00 | ₹1,880.70 | ₹196.70 | 11.68% |
| Adani Ports | ₹1,269.50 | ₹1,271.50 | ₹2.00 | 0.16% |
| Adani Power | ₹564.70 | ₹569.50 | ₹4.80 | 0.85% |
| Adani Wilmar | ₹354.95 | ₹344.95 | -₹10.00 | -2.82% |
| NDTV | ₹268.75 | ₹266.75 | -₹2.00 | -0.74% |
Following closely behind was Ambuja Cements which saw a 2.89% rise in its stock price. The stock opened at ₹560.00 on Monday and closed at ₹576.20 on Friday, a ₹16.20 increase over the week.
Adani Enterprises also experienced a positive week, with a 1.43% increase in its stock price. The stock opened at ₹3,170.00 and closed at ₹3,215.20, a ₹45.20 increase.
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Adani Enterprises’ performance is noteworthy, considering that the company’s shares rose for the eighth consecutive day after an earnings report showed a 130% surge in profit. This surge has helped Gautam Adani‘s net worth reach $100.7 billion, the highest since the Hindenburg allegations.
However, not all Adani stocks fared as well. Adani Ports and Special Economic Zone saw a marginal increase of 0.16%, with the stock opening at ₹1,269.50 and closing at ₹1,271.50.
Meanwhile, ACC emerged as the second-best performer among the Adani Group stocks, with a 4.70% increase. The stock opened at ₹2,510.00 and closed at ₹2,628.05, marking a ₹118.05 increase.
Despite the mixed performances, the week proved to be overall positive for the Adani Group, with the majority of its stocks experiencing gains. As the market continues to fluctuate, investors will be keeping a close eye on these stocks in the coming weeks.
It’s worth noting that Adani Green is reportedly in talks to raise around $500 million (₹4,152 crore) through dollar bonds, marking its first overseas issuance since the Hindenburg allegations last year. This move, as reported by Benzinga, could potentially boost the group’s financial health and future fundraising prospects.
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