Shares of Adani Group companies traded higher on Wednesday, October 29, with Adani Green Energy leading the gains at over 6%, followed by Adani Energy Solutions, Adani Enterprises, and Adani Ports. The rally came amid positive corporate developments across group firms and strong investor sentiment toward infrastructure and renewable energy segments.
Stock Performance Snapshot
At 10:10 AM, Adani Green was up 6.05% at Rs 1,065, Adani Energy Solutions gained 3.39% to Rs 952.40, Adani Enterprises advanced 2.10% to Rs 2,546.90, and Adani Ports rose 1.98% to Rs 1,446.
Meanwhile, Adani Total Gas (ATGL) was up 1.55% at Rs 630.60, Adani Power gained 1.29% to Rs 164.43, and Adani Wilmar (AWL) added 1.19% to Rs 271.65.
Corporate Developments Driving the Rally
Adani Total Gas Ltd (ATGL)
ATGL, the city gas joint venture between Adani Group and TotalEnergies of France, reported a 9% YoY decline in Q2 net profit to Rs 162 crore compared to Rs 178 crore last year.
The fall was attributed to a 26% rise in input gas costs, as the firm replaced cheaper APM gas with higher-priced alternatives amid reduced domestic allocation. Despite margin pressure, volumes remained steady, indicating sustained demand in the city gas segment.
Adani Ports and SEZ (APSEZ)
Adani Ports announced the signing of two Memoranda of Understanding (MoUs) with the Jawaharlal Nehru Port Authority (JNPA) at the India Maritime Week Summit in Goregaon.
The company expressed intent to participate in Vadhvan Port projects worth Rs 53,000 crore, including Rs 26,500 crore for offshore infrastructure and another Rs 26,500 crore for a container terminal.
These agreements come a day after APSEZ committed Rs 42,500 crore for expansion at Dighi Port, positioning the group to play a pivotal role in India’s upcoming Rs 76,000-crore Vadhvan greenfield port project in Palghar.
Adani Green Energy
Adani Green Energy’s stock hit an intraday high of Rs 1,055.60 after the company reported a 28% YoY rise in consolidated net profit at Rs 644 crore for Q2 FY26 compared to Rs 515 crore a year ago.
Revenue from the power supply segment rose to Rs 2,776 crore, up from Rs 2,308 crore, supported by consistent generation growth and operational efficiency gains.
Outlook
The Adani Group’s strong operational updates, growing renewable capacity, and large-scale infrastructure investments are contributing to renewed investor confidence. The group’s cumulative market momentum continues to reflect optimism in India’s energy transition and logistics expansion theme.
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