Adani Group Stocks in Focus Amid US Case Developments and ₹1,435 Crore Block Deal

The stocks of Adani Enterprises and the other Adani Group stocks will still attract investor interest in light of several significant developments that have improved their sentiment about the firm.

As per the report, the United States government is looking into ways to resolve the fraud accusations against Gautam Adani. The US Justice Department is reported to drop all the criminal charges against him which have troubled the group for over a year now. On the other hand, the United States Securities and Exchange Commission is said to be in the process of settling the civil fraud case that was filed in November 2024.

Furthermore, it has been reported that Gautam Adani will have to pay a fine of $6 million as part of the settlement with the SEC regarding the accusations of fraudulent conduct about Adani Green Energy. Sagar Adani, his nephew, may have to pay a fine of $12 million.

₹1,435 Crore Block Deal Lifts Adani Enterprises

Shares of Adani Enterprises jumped 8.6% to reach ₹2,712.90 on Thursday, registering the highest close for the stock since November 2024.

The jump came after a ₹1,435 crore block deal where GQG Partners, based in the US, offloaded 58.92 lakh shares, representing a 0.45% stake in Adani Enterprises, at an average price of ₹2,435.60 each.

The shares were bought by SBI Mutual Fund through open market purchases. Notwithstanding the huge block sale, the stock saw a sharp rally, suggesting robust institutional interest.

The stock has seen a surge of more than 54% from its March lows of ₹1,753.

Adani Enterprise Q4 FY26 Performance and Valuation

For FY26, Adani Enterprises recorded revenues of ₹1,02,943 crore, reflecting a 3% YoY growth, while EBITDA was ₹16,464 crore.

Net income grew by 31% to ₹9,339 crore, but almost all of it, ₹9,215 crore, came from non-operating items such as gains from the sale of stake in Adani Wilmar and cement companies.

For the Q4 period, the company recorded a net loss of ₹221 crore due to an increase in depreciation expense following the start of several large-scale projects, including the Navi Mumbai Airport and Kutch Copper Plant.

According to management, about 80% of EBITDA is earned through long-term infrastructure-related businesses, which have contract-based revenues, thereby minimizing the volatility from its coal trading business.

Currently, the stock trades at 32.25 times PE relative to the industry PE of 88.61 times.

Airports, Hotels and Data Centres Drive Expansion

Adani Airport Holdings has made a pact with IHG Hotels & Resorts for the construction of five hotels in Mumbai, Navi Mumbai, and Ahmedabad. The venture will have around 1,500 hotel keys and the Kimpton Hotels & Restaurants brand would come into the Indian market as well.

At the same time, Uber plans to set up its first India-based data center in collaboration with the Adani Group. As per the statement of Uber’s Chief Executive Officer Dara Khosrowshahi, the data center will facilitate technology functions and is expected to become operational this year.

There is also a possibility of demergers on the horizon; especially for the airport business by 2027-28. It is expected that Adani Enterprises will keep building new businesses around airports, energy, mining, data centers, and digital infrastructure.