Adani Power, Adani Ports hit record highs, Adani Enterprises, two others at 52-week high; key triggers explained

Shares of Adani Group companies were trading higher on Wednesday, May 27, with Adani Power and Adani Ports hitting their all-time high.

Adani Power shares jumped 3.3% to their lifetime high of ₹252.65 apiece, while Adani Ports shares touched a record high of ₹1,842.80, rising 2% on Wednesday. According to NSE data, the market capitalisation of Adani Power stands at ₹4,76,524.81 crore, surpassing that of Infosys, which is valued at ₹4,70,780.87 crore.

Among other group stocks, Adani Enterprises shares touched their 52-week high of ₹3,027.50 apiece, gaining 2% on the NSE. Adani Green Energy shares were trading 4% higher at its one-year high level of ₹1,518 apiece on the NSE.

Adani Energy Solutions jumped 6.5% at a 52-week high level of ₹1,558.80, while Adani Total Gas shares rallied 11% to today's high of ₹791.50 on the NSE.

Ambuja Cements was up 3%, while ACC was up 1.07%.

Here are the latest developments from the group

• On May 26, Adani Green Energy had said it has expanded its total operational Battery Energy Storage System (BESS) capacity to 3.37 GWh in Khavda, Gujarat. The company has expanded total operational BESS capacity to 3.37 GWh, including 1.37 GWh added in March 2026 at Khavda, where it is building a 30 GW renewable energy park, of which 9.9 GW is already operational, the Adani Group entity had said in a statement. This is the world's largest single-location battery storage deployment outside China and among the fastest executed globally, it added.

• Last week, Adani Ports and Special Economic Zone had said it will acquire a 100% stake in Jaypee Fertilisers & Industries from Jaiprakash Associates for ₹1,500 crore, as part of the NCLT-approved resolution plan for JAL. The firm had also stated that the acquisition will further consolidate its inland logistics presence and service capabilities in North India.

• On May 21, Adani Power had entered into definitive agreements to acquire a 24% stake in Jaiprakash Power Ventures and other thermal assets from Jaiprakash Associates for about ₹4,193.59 crore. According to a regulatory filing, the company had also inked a Share Purchase Agreement for the acquisition of 24% of the shares of Jaiprakash Power Ventures Ltd, held by Jaiprakash Associates.

Bernstein report on the group

In a report covering four listed Adani companies—Adani Ports and Special Economic Zone, Adani Green Energy, Adani Power and Ambuja Cements—Bernstein said many global funds had stayed away from the group pending clarity on US-related developments, leaving several stocks under-owned despite strong operational execution.

The report said the settlement of the US SEC case and moves by US prosecutors to drop charges against the group had removed a major overhang on Adani stocks, many of which still trade below pre-crisis levels despite a sharp recovery from earlier declines.

The investment firm this week had said Adani Group's core strength remained its ability to execute large-scale infrastructure projects efficiently and gain market share from state-run incumbents across sectors such as ports, logistics, thermal power and renewables.

Bernstein highlighted the group's access to large contiguous land parcels, execution speed and operational scale as key competitive advantages, noting that Adani-controlled assets now account for around 50% of India's container port market.

The report said concerns over promoter share pledges, a major issue during the January 2023 short-seller crisis, had eased significantly, with pledged shares across group firms declining sharply since 2022.

While net group debt has increased by roughly ₹1 lakh crore since September 2024 due to aggressive capital expenditure-led growth, particularly at Adani Green and unlisted entities, Bernstein said earnings growth remained strong, with group EBITDA rising at a compound annual growth rate of 22% between FY23 and FY26.