Adani Group stocks rally up to 9%, market cap rises by ₹28,000 crore – CNBC TV18
| Company | Value | Change | %Change |
|---|
Shares of Adani Enterprises, the conglomerate’s flagship entity, gained up to 3.22%, while other group constituents such as Adani Ports and SEZ, Adani Power, Adani Wilmar, Adani Total Gas, and NDTV recorded intraday gains of up to 5%.
Adani Green Energy Ltd saw the sharpest rise, jumping nearly 9% to an intraday high of ₹1,248.9 per share on the BSE. This followed the commissioning of a 250 MW solar power project in Rajasthan by its subsidiary, boosting its operational renewable generation capacity to 11,434 MW.
Adani Enterprises hit an intraday high of ₹2,534.1, up 3.2%, while Adani Ports & SEZ rose 2.8% to ₹1,268.15 per share. Adani Energy Solutions climbed over 5% to ₹832.45.
The rally drove the combined market capitalisation of the Adani Group companies up by nearly ₹28,000 crore.
| Company Name | Closing Price (₹) | Intraday Gain |
| ACC | 2229.05 | 0.5% |
| Adani Energy Solutions | 819.95 | 5.06% |
| Adani Enterprises | 2504 | 3.22% |
| Adani Green Energy | 1222.55 | 8.7% |
| Adani Ports & SEZ | 1244.15 | 2.8% |
| Adani Power | 540.05 | 8.16% |
| Adani Total Gas | 730.75 | 5.2% |
| Adani Wilmar | 306.8 | 2.4% |
| Ambuja Cements | 572 | 0.18% |
| Sanghi Industries | 80.20 | 0.7% |
| NDTV | 171.95 | 3.5% |
[Source: BSE]
The surge coincided with reports that the conglomerate is in talks to refinance $1.1 billion worth of loans for Adani Green Energy Ltd. Discussions are reportedly underway with domestic financial institutions, as well as investors and lenders from West Asia, Europe, and Japan, for refinancing via private placement.
Additionally, renewed interest in Adani stocks came amid global political developments, with reports indicating that FBI Director Chris Wray plans to step down early next year. His departure follows US President-elect Donald Trump’s plans to appoint Indian-American Kash Patel as his replacement.
The Adani Group has been under scrutiny since November, when its chairman, Gautam Adani, and top executives were indicted by US prosecutors in an alleged $265 million bribery scheme.
The indictment claimed that over $250 million in bribes were paid to Indian government officials to secure solar power purchase contracts for Adani Green Energy and Azure Power from the Solar Energy Corporation of India.
Ambuja Cements and Sanghi Industries were the only Adani Group stocks to trade flat on Thursday.
