Shares of were trading at ₹3,206.90 on the NSE as of 12.47 pm IST on Friday, up ₹29.40 or 0.93 per cent from Thursday’s close of ₹3,177.50. The stock opened at ₹3,192 and touched a high of ₹3,196.80 before extending gains, with buy orders accounting for 55.95 per cent of total trade interest. Traded volume stood at 16.62 lakh shares, with a traded value of ₹524.17 crore. The stock’s total market capitalisation is approximately ₹4.16 lakh crore.
The move comes a day after the company released two significant announcements on July 2, 2026.
First, Adani Enterprises and International Resources Holding (IRH), an Abu Dhabi-based IHC Group company, signed a memorandum of understanding with the Government of Odisha to form a 50:50 joint venture for a $11.5 billion (approximately ₹1.08 lakh crore) integrated greenfield aluminium project. The project includes a 4 MMTPA alumina refinery, a 2 MMTPA aluminium smelter, a 4,000 MW captive power plant, and a 1 MMTPA downstream manufacturing park. It is touted as India’s largest integrated aluminium investment and Odisha’s largest FDI proposal, expected to generate around 53,500 jobs.
Second, the company’s QIP Committee approved the opening of a qualified institutional placement (QIP) of equity shares with a floor price of ₹3,034.68 per share. SBI Capital Markets, Jefferies India, ICICI Securities, and IIFL Capital Services have been appointed as book-running lead managers.
The stock is currently trading near its 52-week high of ₹3,229.60, hit just yesterday, and has returned over 40 per cent year-to-date, significantly outperforming the Nifty 50’s 6.90 per cent decline over the same period.