Fresh off the India-US trade deal buzz, Adani Group stocks exploded in early Tuesday trade, with Adani Enterprises nearing its 10% upper circuit cap. The market’s euphoria captured the imagination of traders eyeing long-term gains.
Gains weren’t isolated: Adani Green and Adani Energy vaulted more than 7%, as Adani Ports, Power, Ambuja Cements, and Adani Total advanced over 4%. This synchronized uptick highlights the group’s resilience and appeal.
According to Jefferies, Adani stands to gain substantially due to its US-linked operations. The agreement’s tariff reduction to 18% for Indian goods benefits key industries like automotive parts, renewables, chemicals, and apparel.
This policy shift is hailed as a cornerstone for deeper Indo-US commercial collaboration, fostering export growth and supply chain efficiencies. Adani’s footprint in these domains amplifies its leverage.
Complementing the trade news, Japanese agency JCRA launched ratings for Adani entities. Adani Ports earned an A- (Stable) – above India’s sovereign grade – while Adani Green and Energy secured BBB+ (Stable), affirming financial stability.
As the day unfolds, Adani’s performance could set the tone for broader market directions, with analysts optimistic about sustained value creation.