The Adani Group is a large conglomerate based in India with businesses in many areas like energy, infrastructure, logistics, real estate, and defense. Some of its main companies include Adani Green Energy, which focuses on renewable energy, Adani Enterprises, a parent company with various businesses, Adani Ports & SEZ, which handles port operations and logistics, and Adani Transmission, which deals with electricity distribution.
The group has grown quickly in the renewable energy and infrastructure sectors, making its stocks popular with investors. However, its stocks have also faced criticism and ups and downs due to concerns about management and market practices. Despite these issues, the Adani Group is still one of the biggest and most influential business groups in India.
Reason for the Rise
The rise in Adani Group stocks today is attributed to a combination of factors. According to sources, the Adani Group is planning to raise over $12.5 billion to partially fund its capital expenditure of $57.16 billion, as reported by the Economic Times on Monday.
The conglomerate plans to raise equity over the next five years, according to the report. Quoting Adani Group CFO Jugshinder Singh, said the average capital expenditure will be slightly over Rs 1 lakh crore annually for the next five years.
Furthermore, from a technical perspective, many of the Adani stocks were trading with an RSI below 30, indicating they were in the oversold zone. This could signal a potential reversal, suggesting an upside for these stocks.
Additionally, strategic developments, such as Adani Wilmar’s acquisition of G.D. Foods, fueled investor confidence. Renewed interest from institutional investors and favorable government policies supporting infrastructure and clean energy also played a key role in boosting the stocks. These factors together drove the significant gains seen in Adani Group stocks today.
Here is the performance of Adani stocks for today
| Company Name | ₹ LTP | Change % today | 52 Week High | Discount (%) |
| Adani Green Energy Ltd | 845.4 | 10.00% | 2174.1 | 61.11 |
| Adani Total Gas Ltd | 597.4 | 9.20% | 1190 | 49.80 |
| Adani Wilmar Ltd | 259.49 | 8.20% | 403.95 | 35.76 |
| New Delhi Television Ltd (NDTV) | 120.54 | 6.10% | 273 | 55.85 |
| Adani Power Ltd | 511.3 | 5.80% | 895.85 | 42.93 |
| Adani Ports & Special Economic Zone Ltd | 1111.45 | 5.10% | 1621.4 | 31.45 |
| Adani Enterprises Ltd | 2251.05 | 5.00% | 3743.9 | 39.87 |
| Ambuja Cements Ltd | 489.75 | 3.10% | 706.95 | 30.72 |
| ACC Ltd | 1854.25 | 1.40% | 2844 | 34.80 |
Written by Sridhar J
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