Overview

• Shares rose as much as 6.6% on Thursday to Rs 154 on the NSE, leading a broader Adani Group uptick in early trade.
• The bounce follows Wednesday’s 10.84% drop to a Rs 144.80 close, leaving the stock about 20.77% below its adjusted one-year high.
• BSE and NSE placed the counter under the short-term Additional Surveillance Measure to flag unusual price swings.
• Technical views highlight resistance near Rs 165–170 and Rs 183, with key support around Rs 145–147 and a potential slide toward Rs 133–125 if that floor breaks.
• Recent moves track a one-to-five stock split and profit-booking, with promoters holding 74.96% as of June and GQG Partners reportedly trimming about 1% ahead of the split.