India's Adani Enterprises, Adani Ports post strongest monthly gains in years

Adani Enterprises

30/04/2026 11:16

Updates

** Adani Enterprises ADEL.NS shares up 36.9% for the month to mark the highest monthly gain since August 2020

** Adani Ports APSE.NS stock up 26.3% for the month; highest monthly climb since February 2021

** During month, benchmark Nifty 50 .NSEI up 7.5%

** Rally after Adani Group founder Gautam Adani's legal team indicated they will seek dismissal of SEC civil fraud case related to alleged bribery charges

** Earlier, Jefferies projected broad-based business expansion by FY27 for ADEL, despite near-term softer airport traffic, delays in Navi Mumbai airport operations

** Brokerage forecasted ADEL's consolidated EBITDA to rise approximately 37% y/y

** Adani Enterprises reports a fourth-quarter loss on Thursday after market hours

** YTD, ADEL up 7.5%, APSE advance 12.8% vs Nifty 50's 8.2% decline

 (Reporting by Mridula Kumar in Bengaluru)

 ((Mridula.Kumar@thomsonreuters.com;))