Top 5 Sumeet Bagadia's breakout stocks: Gland Pharma, Astra Micro, Meesho, Westlife, Ujjivan | Target price, stop-loss
Adani Enterprises secured new business.
29 Sept 2026 · LiveMint Markets
Sumeet Bagadia believes buying in in Adani Enterprises, Adani Ports, Kotak Bank, Dr. Reddy's, Sun Pharma and Infosys turned the fall into a…
The analysis
Against that, the stock is -3.6% on the day at ₹2,746.90, and has returned -10.8% over three months. It sits 14% below its 52-week high. The infrastructure sector has moved -14.3% over the same period, so Adani Enterprises is running 3.5 points ahead of its peers.
With Adani Enterprises, Adani Ports and Kotak Mahindra Bank all implicated, this reads as a Infrastructure-level move rather than a company-specific one, which is the more durable kind of signal.
Market context
- It touches several names at once (ADANIENT, ADANIPORTS, KOTAKBANK, DRREDDY), which points to a sector-level rather than company-specific driver.
- Sector exposure: Infrastructure, Banks, Pharma & Healthcare.
- The immediate tone of coverage reads negative.
In this story
Related coverage
Last line of defence! How 7 Nifty stocks survived the market’s two-month bloodbath
Stocks in news: Titan, HCL Tech, Adani Ports and Utkarsh SFB
Buy, Sell Or Hold: HDFC Bank, Sun Pharma, Rallis India, Trent | Ask Profit
Jefferies increases weight in Reliance, 2 others; trims weight in 3 stocks in latest model portfolio changes. See list
PNB, Kotak Mahindra Bank, other bank stocks rise up to 2% after RBI’s rate hike, Nifty Bank above 55,500