Adani group stocks jump up to 3%, add Rs 23,000 crore to total m-cap. What’s behind the surge?

What happened: Adani group stocks rose up to 3%, with Adani Enterprises up 3% to Rs 2,550 and Adani Ports up 3% after Q2 results. The group added Rs 23,000 crore to total market capitalization. Key numbers: Adani Enterprises Q2 FY27 net profit Rs 1,492 crore vs Rs 3,304 crore a year earlier, when the base included Rs Why it matters: Jefferies forecasts 70% upside for Adani Enterprises in its bull case and expects newer businesses in green hydrogen, airports, data centres, roads and copper to emerge as industry leaders. It retained a Buy rating on Adani Green with a Rs 1,695 target price.

Adani group stocks rose up to 3%, with Adani Enterprises up 3% to Rs 2,550 and Adani Ports up 3% after Q2 results. The group added Rs 23,000 crore to total market capitalization.

Jefferies forecasts 70% upside for Adani Enterprises in its bull case and expects newer businesses in green hydrogen, airports, data centres, roads and copper to emerge as industry leaders. It retained a Buy rating on Adani Green with a Rs 1,695 target price.