AEL, Adani Ports: Trading strategies in Adani Group stocks post Q4 results

Adani Group stocks technical outlook; Adani Enterprises, ACC and NDTV seem negative on the charts, while Adani Ports, Adani Green and Ambuja Cements hold promise. Other Adani stocks seen range-bound.

Adani Group of companies reported mixed earnings for the quarter ended March 2024. While cement major ACC was the stand-out performer, Adani Ports, Adani Wilmar and Adani Total Gas also reported strong growth, while the flagship firm and Adani Power disappointed.

The Adani Group flagship Adani Enterprises reported 37.6 per cent year-on-year (YoY) drop in March quarter consolidated net profit at Rs 450.58 crore, even as revenue from operations registered a marginal 0.8 per cent YoY growth at Rs 29,180 crore.

Among others, Adani Ports posted 76 per cent YoY surge in Q4 net to Rs