Adani Enterprises shares dropped 2% in the morning trade on the BSE on Monday, 28 September, after Adani Group entities executed a bulk deal of 86 lakh shares on Friday. Adani Enterprises’ share price opened at ₹2,922.50 against its previous close of ₹2,914.95 and declined 2% to an intraday low of ₹2,856. However, it pared some losses, as around 10 am, the stock was 1.35% down at ₹2,875.60.
NSE bulk deal data for Friday, 25 September, showed that 86 lakh shares changed hands between promoter group entities of Adani Enterprises in a deal worth ₹2,498 crore through separate block deals on Friday.
Adani Enterprises’ bulk deals details
As per the NSE data, Adani Infra (India) bought 34,50,000 shares in the group’s flagship company Adani Enterprises at an average price of ₹2,905 per share, while Adani Properties acquired 51,50,000 shares of Adani Enterprises at the same price, taking the combined deal value to ₹2,498.30 crore for 86,00,000 shares.
On the other side of the trades, promoter group entity Infinite Trade And Investment Ltd sold an equal number of shares at the same price.
The share sale has trimmed Infinite Trade And Investment’s holding in Adani Enterprises to 1.38% from 2.01% earlier.
Adani Enterprises share price trend
In the last six months, the stock has jumped 57% compared to a nearly 1% decline in the equity benchmark Sensex. Year-to-date, it is up 27% against a 14% decline in the Sensex.
Adani Enterprises share price hit a 52-week high of ₹3,245 on 6 July after hitting a 52-week low of ₹1,753.45 on 30 March this year.
Adani Enterprises latest financial performance
Adani Enterprises reported a consolidated net loss of ₹1,160 crore for the June quarter of the financial year 2026-27 (Q1FY27) due to the loss from a one-time charge of ₹2,644 crore, which was paid as a settlement amount to the US Office of Foreign Assets Control (OFAC).
The company’s revenue surged 49.9% YoY to ₹32,924 crore, up from ₹21,961 crore in the corresponding quarter of the previous financial year.
Is it a stock to buy?
In a report this month, brokerage firm Motilal Oswal Financial Services maintained a buy call on the stock with a target price of ₹3,880 after the company’s subsidiary, Adani Airport Holdings (AAHL), entered into a share subscription agreement and a shareholders’ agreement to raise ₹9,800 crore from a consortium of investors, comprising Alpha Wave Global, Premji Invest, Temasek and BlackRock-managed funds.
“We view the transaction positively as it brings in high-quality global investors and provides growth capital to fund AAHL’s sizeable expansion pipeline. We see scope for further monetisation and strategic investments across Adani Enterprises’ key businesses, which will unlock embedded value and provide additional funding to support the group’s large growth capex pipeline,” said Motilal.
Motilal expects Adani Enterprises to clock a CAGR of nearly 22%, 29%, and 82% in revenue, EBITDA, and PAT, respectively, over FY26-29, aided by growth, margin expansion, and increasing contribution from high-margin verticals.
“We believe its market leadership, superior scale, diversified growth portfolio, and proven incubator model position Adani Enterprises as a leading global infrastructure platform,” said the brokerage firm.
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Disclaimer: This article is for educational purposes only and does not constitute investment advice. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
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