Fitch upgrades outlook on Adani Ports and Adani Energy to ‘Stable’; here’s how stocks reacted

Adani Group stocks —
Adani Ports and Special Economic Zone (APSEZ)
and
Adani Energy Solutions (AESL)
— witnessed mixed trends on Tuesday after Fitch Ratings revised their outlooks to ‘Stable’ from ‘Negative’. The global rating agency said contagion risks have eased across the group, despite the November 2024 U.S. indictment relating to certain board members of a group entity, Adani Green Energy.

In early trade, shares of Adani Energy Solutions Ltd (AESL) rose up to 1% to ₹1,005, taking its market capitalisation to around ₹1.2 lakh crore. In contrast, Adani Ports and Special Economic Zone Ltd (APSEZ) shares edged 0.27% lower to ₹1,440.70, with its market capitalisation slipping to ₹3.11 lakh crore.

Meanwhile, Indian equity benchmarks – Sensex and Nifty – were trading lower by 0.25% each, tracking subdued cues from global peers.