Adani group shares rallied up to 6% in Thursday's trade on the back of strong Q2 performance by Adani Enterprises and Adani Ports.
Adani Enterprises' Q2 net profit fell 55% to ₹1,492 crore due to a high year-ago base, while total income surged 74% to ₹38,023 crore and EBITDA rose 62% to ₹6,316 crore.
Q2FY27 company results: Firms including Hyundai Motor India, Meesho, Info Edge (India) (Naukri), Pidilite Industries, and Vedanta are also to release their July-September earnings today
Adani Enterprises' stock price on Thursday quoted at its lowest level since May 14, 2026, having declined 13% in the last six trading sessions.
Adani group stocks: Following a management meet, Jefferies recommended a 'Buy' rating on Adani Power, Adani Green Energy, Adani Energy Solutions and Adani Ports and Special Economic Zone.
Adani Enterprises, in an exchange filing, earlier today announced a stake sale of 5.54 per cent in Adani Airport Holdings Limited (AAHL) for ₹9,825 crore, or about $1 billion.
Alpha Wave Global, Premji Invest, Temasek and BlackRock-managed funds will collectively acquire 5.54 per cent in AAHL, valuing the airport operator at about $18 billion pre-money
Alpha Wave Global, Premji Invest, Temasek and BlackRock-managed funds will invest in three tranches; investors will collectively hold about 5.54 per cent in AAHL
The Centre's scheme received seven applications from Adani Enterprises, NTPC, Talcher Fertilisers, Gallantt Ispat and Shyam Sel & Power for projects in urea, syngas and synthetic gas
Adani Green Energy emerged as the biggest gainer among Adani Group stocks in intraday trade, rising as much as 4.69 per cent intraday.
Stocks to buy today: Sachin Gupta of Choice Equity Broking has recommended three stocks to buy today - Jindal SAW, Electrosteel Castings, Adani Enterprises.
Motilal Oswal Financial Services has initiated coverage of Adani Enterprises with a 'Buy' rating and a target price of ₹3,880, implying a 25 per cent upside from the previous close of ₹3,112.
The project will evacuate renewable power from Karnataka to Maharashtra and support pumped storage projects in Satara, Pune and MMR
The shares have surged 34% so far in 2026, putting the company on track to end the year as the top gainer on the NSE Nifty 50 Index
Brooklyn-based US District Judge Nicholas Garaufis dismissed conspiracy, securities and wire fraud charges brought against them in a late-night order, marking an end to Adani's US legal troubles.
Q1FY27 company results: Firms including Oil India, Power Finance Corporation, BEML, Godrej Consumer Products, and The Ramco Cements are also to release their April-June earnings today
Revenue increased 49.9 per cent to ₹32,923.98 crore as copper revenue rose to ₹10,710.48 crore from ₹536.57 crore; operating margin edged up to 15.25 per cent year-on-year
Q1FY27 company results: Firms including Ambuja Cements, Suzlon Energy, Birlasoft, Tata Capital, Cholamandalam Investment and Finance, and Pine Labs are also to release their April-June earnings today
Foreign portfolio investors held a combined 8.8% stake at the end of the June quarter, the lowest since 2009 when Prime Infobase began tracking the data
While renewed geopolitical tensions in West Asia are likely to keep markets choppy, the Nifty 50 could rise to 26,500 by June 2027, around 10 per cent upside from current levels, Goldman Sachs said.