Adani Ports and Adani Energy Solutions hit fresh 52-week highs in intra-day trade on Friday even as benchmark indices traded in red.
Among the frontline Adani stocks - Adani Enterprises, Adani Power and Adani Ports and Special Economic Zone were up in the range of 3 per cent to 5 per cent on Wednesday.
Adani group shares: Adani Enterprises, Adani Ports, Adani Power and other group stocks can potentially zoom up to 32%, hint technical charts; check key levels to track here.
This regulatory clean chit removes a significant overhang and is likely to bolster institutional investor confidence in Adani Ports, ICICI Securities said
In past one month, select Adani Group stocks have underperformed the market by falling up to 12 per cent, as against 4 per cent decline in BSE Sensex.
Adani Total Gas Ltd on Monday reported an 8 per cent fall in its June quarter net profit after a cut in supply of cheaper domestically produced gas led to higher input prices. Net profit was Rs 162 crore in April-June - the first quarter of 2025-26 fiscal year - compared with Rs 177 crore a year back, according to a company statement. Cost of natural gas, which the firm converts into CNG for sale to automobiles and pipes to household kitchens for cooking, rose 31 per cent to Rs 1,049 crore in the quarter. This is because lower allocation of cheaper domestic gas, called APM for CNG segment, had to be replaced with high-priced gas from other sources. Revenue from operations rose by 21 per cent to Rs 1,491 crore "on account of the higher volume, primarily on CNG segment," the firm said. During the quarter, the firm added one CNG station to take the network strength to 650 and expanded piped connection to 9.90 lakgh by adding 26,869 new homes. Combined CNG and piped natural gas (PNG)