Adani Group stocks experienced a significant rally on Tuesday, with shares jumping up to 6% in intraday trading in an otherwise weak market. Adani Green Energy led the charge, hitting ₹1,631.35 with a 6% gain from its previous closing price, while Adani Energy Solutions and Cemindia Projects added 4% each, reaching ₹1,713 and ₹1,648 respectively. Adani Power surged 6%, as reported by Business Standard. Other group companies including Adani Enterprises, Adani Ports and Special Economic Zone, and Adani Total Gas were up in the range of 1-3%. In comparison, the BSE Sensex was down 0.63% at 77,131 at 12:39 PM. The rally was driven by strong buying interest as investor sentiment improved following a series of positive developments across the conglomerate's businesses.
According to the June 2026 shareholding pattern, domestic mutual funds have increased their stake in four Adani Group stocks by up to 2.69 percentage points. In Adani Enterprises, the flagship company, domestic mutual funds holding increased to 5.4% at the end of June 2026 quarter from 2.71% at the end of March 2026 quarter. They increased their stake in Adani Power and Adani Green Energy by 0.3 percentage points each. In Adani Total Gas, domestic mutual funds' stake increased marginally from 0.15% to 0.20%. Meanwhile, foreign portfolio investors (FPIs) raised their stake in Adani Ports to 15.58% in the June quarter from 13.25% in the March quarter. However, in Adani Enterprises, FPIs holding declined to 8.77% from 10.8%, as reported by Business Standard.
Adani Enterprises successfully raised ₹15,000 crore through a qualified institutional placement (QIP) on July 2, with global investors showing unprecedented demand. The company initially launched a ₹10,000 crore QIP with a greenshoe option of ₹5,000 crore, but strong investor response prompted it to increase the issue size to ₹15,000 crore. The QIP drew bids worth around ₹38,000 crore, nearly four times the base issue size. Global investors including Capital Group, Goldman Sachs, BlackRock, Blackstone and Nomura participated in the offering, along with domestic mutual funds such as HDFC Mutual Fund, ICICI Prudential Mutual Fund, and Kotak Mutual Fund. The latest capital will be used to expand Adani Enterprises' incubation businesses, repay debt and support general corporate purposes, potentially funding acquisitions and strategic investments.
Adani Enterprises and French clean-tech company Dioxycle announced a long-term partnership on July 10 to develop and scale low-carbon chemical manufacturing in India. According to Business Standard, the project will be located at an Adani Group site and aims to demonstrate how captured carbon emissions can be converted into industrial chemicals using renewable electricity. The initiative will begin with a pilot facility to produce formic acid using captured carbon dioxide and renewable electricity, with the companies planning to scale up the technology for commercial production subject to successful validation. Formic acid is used across industries including textiles, agriculture and manufacturing. Beyond formic acid, the partners will explore opportunities to develop a broader portfolio of chemicals used across sectors such as energy, materials, packaging and manufacturing, many of which continue to rely on fossil fuel-based feedstocks. For the Gautam Adani-led group company, this marks a strategic entry into the chemicals sector, building on its strengths in renewable energy and infrastructure while expanding its portfolio of future-ready businesses.
Market analysts view the Helios Capital investment and QIP success as positive developments for the Adani Group's investment profile. Morgan Stanley's Girish Achhipalia describes Adani Enterprises as a "multi-vertical compounding platform" positioned at the intersection of several long-duration investment themes. He initiated coverage with an overweight rating and target price of ₹3,638, expecting the company's revenue and Ebitda to compound at 19% and 32% respectively between FY26 and FY30. Ebitda is forecast to almost triple from ₹14,000 crore in FY26 to about ₹42,300 crore by FY30. The brokerage expects the company's airports portfolio to scale from 95 million passengers to 143 million by FY30, with a 29% airport Ebitda CAGR driven by passenger growth and higher non-aeronautical revenue. In a bull case scenario, Morgan Stanley has a target price of ₹4,497 on the stock, with the brokerage noting that Adani Enterprises' earnings quality is improving as the mix shifts toward regulated and contracted infrastructure, digital infrastructure, and manufacturing platforms.
