The India-US trade agreement sent shockwaves through Indian equities on Tuesday, propelling Adani Group shares to impressive heights right from the opening bell. Adani Enterprises stole the spotlight, surging close to its 10% upper circuit amid frenzied buying.
Adani Green Energy and Adani Energy Solutions followed suit with jumps over 7%, while Adani Ports, Adani Power, Ambuja Cements, and Adani Total notched up more than 4% each. This broad-based rally underscores renewed investor faith in the conglomerate.
Jefferies analysts point to Adani’s deep US connections across multiple verticals as a key advantage. The tariff cut to 18% on Indian exports opens doors for enhanced trade in auto components, solar panels, chemicals, and textiles.
Market watchers see this as a pivotal step in fortifying economic ties between the two nations, potentially unlocking billions in new business. Adani’s strategic positioning in these high-growth areas positions it perfectly to reap the rewards.
In a separate development, JCRA from Japan assigned stable outlooks to Adani Ports (A-), Adani Green (BBB+), and Adani Energy (BBB+). The A- rating for Adani Ports eclipses India’s sovereign level, marking a milestone in global credit perception.
With these tailwinds, Adani Group appears poised for accelerated expansion, drawing sharp interest from domestic and international investors alike.