Adani Group Stocks Surge to New Highs Amid Strategic Growth Plans
Adani Group stocks in demand; Ports, Power hit new highs; Green surges 6%
Business Standard
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Shares of Adani Group companies, including Adani Ports and Adani Power, reached all-time highs on the Bombay Stock Exchange (BSE) amid plans to double capital spending to $100 billion. Adani Ports reported a 26% year-on-year revenue growth for Q4 FY26, reflecting strong performance despite geopolitical challenges.
- 01Adani Ports and Adani Power hit all-time highs on BSE.
- 02Adani Group plans to double capital spending to $100 billion.
- 03Adani Ports reported a 26% year-on-year revenue growth for Q4 FY26.
- 04Strong cargo volume growth contributed to revenue increase.
- 05Analysts maintain a positive outlook with a BUY rating on Adani Ports.
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Shares of Adani Group companies have seen significant gains, with Adani Ports rising 6% to reach an all-time high of ₹1,748.80 and Adani Power up 5% at ₹233.90 during intra-day trading on the Bombay Stock Exchange (BSE). Adani Green Energy also surged 6% to a 52-week high of ₹1,304.85. The group's strategy includes a three-layer structure aimed at expediting decision-making and boosting liquidity, alongside plans to double capital spending to $100 billion despite facing challenges such as losses and a U.S. fraud case. Adani Ports reported a 26% year-on-year revenue growth for Q4 FY26, totaling ₹10,738 crore, driven by an 11% increase in overall cargo volumes. Analysts project continued growth, with expectations of 11-16% revenue and 9-14% EBITDA growth for FY27, supported by strong cash flows and a healthy cash balance of ₹12,200 crore. The brokerage firm Motilal Oswal Financial Services has reiterated a BUY rating on Adani Ports, setting a revised target price of ₹1,900.
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The strong performance of Adani Group stocks may boost investor confidence and lead to increased capital investment in infrastructure, impacting local economies positively.
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