Adani Group stocks registered a strong upward movement on Monday, a day after the announcement of Union Budget 2026 with Adani Green Energy Ltd. leading at 3.8%, followed by Sanghi Industries Ltd., Adani Ports and SEX Ltd., and Ambuja Cements Ltd. The surge comes after a period of volatility and appears to be driven by a combination of strong Q3 results, positive ratings actions, and operational progress.
Finance Minister Nirmala Sitharaman on Sunday proposed exemption of basic customs duty on import of sodium antimonate for use in manufacture of solar glass where Adani Green Energy has been rising on the back of new solar project commissioning at Khavda in Gujarat.
Adani Power received a new long-term power purchase agreement award of 3,200 MW from Assam power discom in Q3FY26 results. The company continues to receive optimistic assessments from brokerages with analysts projecting up to 40% upside due to long-term power purchase agreements and expanding capacity pipelines.
Additionally, sector-specific performance has boosted sentiment. Adani Ports, for instance, operates 15 domestic and 4 international ports, handling nearly 30% of India’s cargo and 50% of container volumes while Adani Energy continues to expand India’s electricity transmission, distribution, smart metering, and cooling networks.
Adani Stocks
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The Adani Group recently also has won credit ratings from Japan Credit Rating Agency (JCR) for three of its companies – Adani Ports & SEZ Ltd (APSEZ), Adani Green Energy Ltd (AGEL), and Adani Energy Solutions Ltd (AESL). APSEZ received an A- (Stable) rating, a rare instance of an Indian corporate breaching the sovereign rating threshold, while AGEL and AESL were each rated BBB+ (Stable), in line with India’s sovereign rating.
JCR, a leading Japanese rating agency, has assigned long-term foreign currency credit ratings with a stable outlook, marking a significant milestone in the Group’s global credit journey, the conglomerate said in a statement.
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