GQG pares Rs 8,000 crore of Adani stakes in September quarter as FPI bets turn mixed
Adani Energy Solutions moved lower in an institutional flows development.
· ET Stocks, Economic Times Markets
In a significant move, GQG Partners divested approximately ₹8,000 crore in stakes across five companies of the Adani Group during the September quarter. While some firms saw an uptick in foreign portfolio investments, others faced declines. The most substantial decrease was seen in Adani Energy Solutions, which dropped from 4.14% to 1.71%.
The analysis
Adani Energy Solutions reported Rs 8,000 crore, with movement of 4.14% and 1.71% attached to those lines. 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 -1.1% on the day at ₹1,349.50, and has returned -18.7% over three months. It sits 22% below its 52-week high. The power sector has moved -13.2% over the same period, so Adani Energy Solutions is running 5.5 points behind its peers.
This is an Index / institutional flows event. Passive and institutional flows move price independently of fundamentals, and around rebalancing dates they dominate it. On the day the stock is -1.1%, so a modest reaction.
Why it matters
- Sustained FII or DII direction moves the whole market, not just the names being bought — it sets the tape's tone.
Market context
- In focus: Adani Energy Solutions (ADANIENSOL), in Power.
- Over three months: Adani Energy Solutions -18.7% against Power -13.2% (5.5 points behind).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Adani Energy SolutionsADANIENSOL · Power | ₹1,349.50 | -1.1% | +2.6% | -18.7% | -22.5% | 0.5× | — |
Power
1M -6.9% · 3M -13.2%
Adani Energy Solutions
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
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