Adani group stocks jump up to 3%, add Rs 23,000 crore to total m-cap. What’s behind the surge?
Jefferies rate stocks including Adani Power, Adani Ports and Adani Enterprises.
· ET Stocks, Economic Times Markets
Adani Group stocks rose on Thursday, adding Rs 23,000 crore to their combined market capitalisation, as Q2 results and bullish brokerage calls lifted sentiment. Adani Power reported a 134% jump in net profit, while Jefferies raised its target price for Adani Ports and sees significant upside in Adani Enterprises.
The analysis
Where the names start from: Adani Ports is 1% below its 52-week high, -0.8% over three months; Adani Enterprises is 19% below its 52-week high, -17.4% over three months; Adani Power is 23% below its 52-week high, -11.4% over three months. A rating is set against the price on the day the note is written, so how far a stock has already run is the part of the case the headline upside leaves out.
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- Brokerage calls from Jefferies, with ratings on the stocks named. The stocks: Adani Power, Adani Ports and Adani Enterprises.
- On the day, 3 of 3 are higher: Adani Ports leads at +5.6% and Adani Power trails at +3.6%.
- Over three months: Adani Power -11.4% against Power -14.4% (3.0 points ahead); Adani Ports -0.8% against Infrastructure -14.5% (13.7 points ahead); Adani Enterprises -17.4% against Diversified -22.6% (5.2 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Adani PowerADANIPOWER · Power | ₹191.30 | +3.6% | -5.9% | -11.4% | -23.1% | 0.7× | — |
| Adani PortsADANIPORTS · Infrastructure | ₹1,860.70 | +5.6% | +1.0% | -0.8% | -1.2% | 1.9× | — |
| Adani EnterprisesADANIENT · Diversified | ₹2,593.00 | +4.6% | -12.4% | -17.4% | -19.3% | 1.0× | — |
Power
1M -7.7% · 3M -14.4%
Adani Power
Infrastructure
1M -8.3% · 3M -14.5%
Adani Ports
Diversified
1M -12.3% · 3M -22.6%
Adani Enterprises
Prices as of 29 Oct 2026, 13:20 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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