Adani Group's most valuable company sets new record; shares major business update

Adani Ports reported movement of 11%. 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.