Overview
- On Feb. 3, Adani Enterprises jumped about 11.9%, Adani Green rose roughly 12.9%, Adani Energy Solutions climbed 10%, Adani Ports advanced about 7.2%, and Adani Power gained around 7.8% in intraday trade.
- The deal reduces the US tariff on Indian goods to 18% from 25% and removes an additional 25% duty tied to purchases of Russian crude, a combination flagged as market supportive.
- HDFC Securities, Emkay Global, and Jefferies said the changes improve India’s export competitiveness, could bolster the rupee, and may revive foreign portfolio inflows.
- Japan Credit Rating Agency initiated long‑term foreign‑currency ratings for three Adani firms, assigning A‑ (Stable) to Adani Ports and BBB+ (Stable) to Adani Green and Adani Energy Solutions.
- Exchanges sought clarification on a report that the group plans roughly $2 billion in yen‑denominated bonds, which remains unconfirmed, while Adani Ports reported a 21% year‑on‑year rise in December‑quarter net profit to Rs 3,043 crore.