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 2% below its 52-week high, +11.2% over three months; Adani Enterprises is 20% below its 52-week high, -15.4% over three months; Adani Power is 24% below its 52-week high, -9.6% 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, 0 of 3 are higher: Adani Enterprises leads at -1.1% and Adani Ports trails at -1.2%.
- Over three months: Adani Power -9.6% against Power -13.2% (3.6 points ahead); Adani Ports +11.2% against Infrastructure -15.8% (27.0 points ahead); Adani Enterprises -15.4% against Diversified -23.1% (7.7 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Adani PowerADANIPOWER · Power | ₹189.00 | -1.1% | -7.3% | -9.6% | -24.1% | 1.1× | — |
| Adani PortsADANIPORTS · Infrastructure | ₹1,850.00 | -1.2% | +2.9% | +11.2% | -1.8% | 1.9× | — |
| Adani EnterprisesADANIENT · Diversified | ₹2,579.40 | -1.1% | -11.2% | -15.4% | -19.7% | 0.7× | — |
Power
1M -6.9% · 3M -13.2%
Adani Power
Infrastructure
1M -10.5% · 3M -15.8%
Adani Ports
Diversified
1M -12.1% · 3M -23.1%
Adani Enterprises
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
Adani group stocks rally led by Adani Enterprises, Adani Ports post Q2 show
Adani Enterprises revenue jumps 75% as new businesses ramp up; Adani Ports raises FY27 guidance
Big Adani stocks Q2 comparison: Adani Ports vs Adani Power vs Adani Green Energy shares; Who delivered beyond estimates?
Stock Market Today: Sensex Gains, Nifty 50 Above 22,700; Adani Ports, PowerGrid, BSE, Bharti Airtel Among Top Gainers
Adani Ports Q2 Results: Net profit jumps 17% YoY to Rs 3,622 crore; revenue up 24%