Adani Ports, ACC Leads As Group Stocks Endure Volatile Week

  • Benzinga India
  • Stock Market News
Adani Ports, ACC Leads As Group Stocks Endure Volatile Week

Benzinga - The past week saw a mixed bag of performances from the Adani Group stocks. While some stocks experienced a positive uptick, others witnessed a decline.

The star performer of the week was ACC Ltd (NS: ACC )., which opened at ₹2,646.00 on Monday and closed at ₹2,720.40 on Friday, marking a weekly gain of ₹74.40 or 2.81%.

Listed Name First Open Last Close Weekly Movement Weekly Percentage Change
Adani Enterprises Ltd. (NS: ADEL ) ₹3,229.00 ₹3,223.60 -₹5.40 -0.17%
ACC Ltd. ₹2,646.00 ₹2,720.40 ₹74.40 2.81%
Ambuja Cements Ltd. (NS: ABUJ ) ₹582.10 ₹585.10 ₹3.00 0.52%
Adani Total Gas (NS: ADAG ) Ltd. ₹1,033.70 ₹1,006.20 -₹27.50 -2.66%
Adani Transmission (NS: ADAI ) Ltd. ₹1,059.00 ₹1,061.60 ₹2.60 0.25%
Adani Green Energy (NS: ADNA ) Ltd. ₹1,888.05 ₹1,904.75 ₹16.70 0.88%
Adani Ports and Special Economic Zone Ltd. ₹1,278.00 ₹1,306.85 ₹28.85 2.26%
Adani Power (NS: ADAN ) Ltd. ₹575.00 ₹563.75 -₹11.25 -1.96%
Adani Wilmar (NS: ADAW ) Ltd. ₹346.90 ₹346.50 -₹0.40 -0.12%
NDTV (NS: NDTV ) Ltd. ₹267.40 ₹264.30 -₹3.10 -1.16%

On the other hand, Adani Total Gas Ltd. had a rough week. The stock opened at ₹1,033.70 and closed at ₹1,006.20, recording a weekly loss of ₹27.50 or 2.66%.

Among other Adani stocks, Adani Enterprises Ltd. saw a marginal decline of ₹5.40 or 0.17%, closing at ₹3,223.60 from its opening price of ₹3,229.00.

Earlier in the week, four Adani Group companies had their debt papers outlook upgraded by Moody’s Investor Group from "negative" to "stable", while maintaining a stable outlook for the remaining four. All eight companies had their ratings affirmed. This included Adani Green Energy, Adani Green Energy Restricted Group, Adani Transmission Step-One Limited, and Adani Electricity Mumbai.

Adani Green Energy Ltd. and Adani Ports and Special Economic Zone Ltd. both ended the week on a positive note. Adani Green Energy Ltd. saw a weekly gain of ₹16.70 or 0.88%, closing at ₹1,904.75. Adani Ports and Special Economic Zone Ltd. closed at ₹1,306.85, up by ₹28.85 or 2.26% from its opening price.

Ambuja Cements Ltd. also had a decent week with a slight increase of ₹3.00 or 0.52%, closing at ₹585.10 from its opening price of ₹582.10.

Lastly, Adani Power Ltd. ended the week with a loss of ₹11.25 or 1.96%, closing at ₹563.75 from its opening price of ₹575.00.

Overall, it was a week of mixed fortunes for the Adani Group stocks. While ACC Ltd. emerged as the top gainer, Adani Total Gas Ltd. was the biggest loser of the week.

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