Adani Group stocks saw a significant rally on Thursday, with shares rising up to 5% due to robust buying activity. Among the top performers, Adani Green Energy led the charge, surging by as much as 4.91% to ₹1,081.80 on the BSE, followed by Adani Power, which climbed nearly 4% to ₹515.70.
This uptick in Adani Group stocks came despite flat trading in major Indian market indices, such as Sensex and Nifty 50, which reflected a lack of momentum in global markets.
Other key Adani Group stocks also showed positive movement. Adani Energy Solutions surged by up to 3.8%, Adani Ports & SEZ rose by 3.11%, and Adani Total Gas gained 2.10%. Among Nifty 50 stocks, Adani Ports was the top gainer.
Shares of Adani Enterprises and Ambuja Cements rose over 1% each, while NDTV gained 2.74%. On the other hand, Adani Wilmar and ACC stocks remained flat.
Adani Group’s Strategic Expansion into Defence Sector
In addition to the strong stock performance, Adani Group has made significant strides in the defence sector. On Monday, Adani Defence and Aerospace entered into an agreement to acquire an 85.8% stake in Air Works, India’s largest privately-held aircraft maintenance, repair, and overhaul (MRO) company. The acquisition, valued at ₹400 crore, will enhance Adani Group’s ability to provide a comprehensive range of aviation services, including line maintenance, heavy checks, interior refurbishment, avionics, and asset management services for both Indian and global clients.
This move is part of the group’s strategic expansion into defence and aerospace, with an investment of $1 billion earmarked for future acquisitions in this sector, according to a report from September.
