{
  "id": 17021117,
  "title": "Adani group stocks jump up to 3%, add Rs 23,000 crore to total m-cap. What’s behind the surge?",
  "url": "https://urgent.news/2026/10/29/adani-group-stocks-jump-up-to-3-add-rs-23-000-crore-to-total-m-cap",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T06:33:05.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/adani-group-stocks-jump-up-to-3-add-rs-23000-crore-to-total-m-cap-whats-behind-the-surge/articleshow/135293658.cms"
  },
  "original_language": "en",
  "account": "Adani Group stocks surged 3% after several companies, including Adani Enterprises, reported their Q2 results and received positive remarks from brokerages. Adani Enterprises, the flagship company, reported a consolidated net profit of Rs 1,492 crore for Q2 of FY27, down from Rs 3,304 crore in the same period last year due to an exceptional Rs 3,583 crore gain. Jefferies predicts a 70% upside for Adani Enterprises, citing its diversified portfolio of leading businesses in ports, power, city gas distribution, transmission, FMCG, green hydrogen, airports, data centres, roads, and copper. The brokerage sees potential in Adani Ports' Q2 results, raising its target price to Rs 2,180 from Rs 2,160 and highlighting the company's exposure to India's growing aviation market and digital economy. Adani Green Energy also saw a 2% increase in its stock price, with Q2 profits up 15% year-on-year to Rs 673 crore, driven by the commissioning of new solar, wind, and hybrid projects. Adani Power, a thermal power producer, reported a 134% YoY jump in consolidated net profit to Rs 6,919 crore, with margins rising 400 basis points to 42.3%.",
  "summary": "Adani Group stocks rose on Thursday, adding Rs 23,000 crore to their combined market capitalisation, as Q2 results and bullish brokerage calls lifted sentiment. Adani Power reported a 134% jump in net profit, while Jefferies raised its target price for Adani Ports and sees significant upside in Adani Enterprises.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}