Adani Group Stocks Jump: Adani Total Gas, Adani Ports, Adani Green Energy, Others Surge Up To 12%
Adani Ports moved higher.
· NDTV Profit, Economic Times Markets, ET Stocks
Jefferies has maintained its Buy' rating on Adani Power, Adani Green Energy, Adani Energy Solutions and Adani Ports & SEZ shares.
The analysis
Adani Ports reported movement of 12%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -3.0% on the day at ₹1,698.00, and has returned -6.2% over three months. It sits 10% below its 52-week high. The infrastructure sector has moved -12.9% over the same period, so Adani Ports is running 6.7 points ahead of its peers.
For Adani Ports, the question is how much of this is already reflected in the price and how much re-rates the infrastructure peer set alongside it.
Market context
- The company directly in focus is ADANIPORTS.
- Sector exposure: Infrastructure, Power.
- The immediate tone of coverage reads positive.
In this story
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