Adani Ent, Adani Ports: What's Brewing In Adani Shares? Group To Invest Rs 62,400 Crore In Big Projects

Way before Sensex and Nifty faced their extremely bearish tone this week, all Adani Group-backed shares were under pressure. The majority of Adani shares are either down by four to six consecutive days, or nosediving by up to 8%. However, billionaire Gautam Adani's conglomerate has signed huge investment deals to the tune of Rs 62,400 crore which is likely to bring back bulls in the stocks. Further, the expert believes the Hindenburg effect has broadly subsided.

As of the latest, Adani Energy Solutions' share price dipped over 8.1% since January 11 to date. While other energy and gas stocks namely Adani Green Energy and Adani Total Gas dived by 7.1% each since January 11th. The three are top laggards under the Adani Group currently.

Further, media stock NDTV dipped 6.11% so far this week compared to last week's Friday closing price. While cement stocks Ambuja and ACC also dipped between 1-3%. Notably, NDTV and ACC shares gained on January 18 after being in red from January 15 to 17th, but weekly the performance is still lower. Also, Ambuja gained on January 18, after falling from January 12-17, nevertheless compared to last week, the stock is still down.

Moving on, Adani Power which is down by 3.01% this week, Adani Ports is lower by 4.4%, and Adani Wilmar has plunged by 3% in its current weekly performance. The Group's flagship firm, Adani Enterprises also shed nearly 6% so far this week compared to last week's Friday closing.

Talking about Adani Group shares latest performance, Manish Chowdhury, Head of Research, StoxBox said, "Adani Group stocks are down in the last few days mostly on account of profit booking and weak market sentiment. Adani Group stocks had a run-up at the start of this month on favourable observation by the Supreme Court which has catapulted into some profit booking by market participants at higher levels."

Chowdhury added, "Though the final verdict is still pending, our sense is that most of the issues relating to Hindenburg allegations are behind us and a sharp downside from these levels look less likely. We advise investors to accumulate Adani Ports and Ambuja Cement in a staggered manner from a medium to long-term perspective."

Adani stocks will be in focus for the Group's MoUs signed in the states of Maharashtra and Telangana. Together, Adani Group is going to invest Rs 62,400 crore in big projects in the states.

Rs 50,000 Crore Investment Deal In Maharashtra:

As per the statement, Adani Enterprises and the Government of Maharashtra signed a memorandum of understanding (MoU) to set up 1 GW hyperscale data infrastructure in the state at an investment of Rs 50,000 crore, over the next 10 years. The MoU was signed in the presence of Maharashtra Chief Minister Eknath Shinde and Adani Group Chairman Mr Gautam Adani at the World Economic Forum 2024 here.

The data center infrastructure, which will be set up in key locations such as Mumbai or Navi Mumbai and Pune, will be powered by renewable energy, which will enhance the green energy infrastructure in Maharashtra, and provide direct and indirect employment to 20,000 people. The Adani Group also intends to make deemed distribution investments to power the proposed 1 GW hyperscale data center infrastructure.

In 2023, Adani Electricity Mumbai [AEML] has successfully satisfied up to 38 per cent of Mumbai consumers' electricity requirements from renewable sources, and it stands committed to reaching the target of 60 per cent by 2027.

Rs 12,400 Crore Investment In Telangana:

Adani portfolio of companies and the Government of Telangana have signed four memorandums of understanding (MoU) for investment of over Rs 12,400 crore, at the World Economic Forum 2024. These MoUs will help build the foundations for the economic growth of Telangana that is green, sustainable, inclusive, and transformative.

Under the MoUs, Adani Enterprises will invest over Rs 5,000 crore in a 100 MW data centre, which would be powered by renewable energy, over the coming 5-7 years. AEL will work closely with local MSMEs and startups to develop a globally competent supplier base for the project. It would provide employment, both direct and indirect, to 600 people.

Adani Green will invest over Rs 5,000 crore to set up two pump storage projects (PSPs) -850 MW at Koyabestagudem and 500 MW at Nacharam. Further, Ambuja will pump in Rs 1,400 crore to set up a 6 MTPA cement plant in the next five years. The unit would be set up across 70 acres and would significantly enhance Ambuja's capability. It will employ over 4,000 people, both directly and indirectly.

Lastly, Adani Defence Systems and Technologies Limited will invest over Rs 1,000 crore in 10 years to set up a comprehensive ecosystem for the research, development, design, manufacturing and integration of counter-drone and missile systems at the Adani Aerospace Park. The ecosystem developed through these projects would significantly enhance the defence capability of India and would employ over 1,000 people.

How Adani shares perform further will be keenly watched!