Indian stock markets are trading lower after US President Donald Trump's surprise decision to double tariffs on Indian exports, adding to pressure from ongoing foreign fund withdrawals.
At the time of writing, the BSE Sensex was 628 points lower at 79,994, while the NSE Nifty50 slipped 197 points to around 24,400.
A stock that is falling a lot in this bearish market is Adani Enterprises.
Adani Enterprises is the flagship company of the Adani Group. It primarily has businesses in the natural resources, transport and logistics, and utility and strategy segments.
Its share price is under pressure. The stock drew attention among investors today as it fell 4%.
What's dragging it down?
Let's dig deeper....
Shares of Adani Enterprises dropped after the company posted its Q1 FY26 results.
Revenue dropped 14% to Rs 224.3 billion (bn), mainly due to a 27% decline in the coal trading business.
The firm's airport business saw a 61% jump in EBITDA to Rs 10.9 bn, driven by increased passenger traffic.
The new energy business revenue fell 11% due to lower sales of solar modules and wind turbines.
Adani New Industries EBITDA dropped 34% to Rs 9.8 bn, while the coal trading division's EBITDA fell 45% to Rs 4.8 bn.
Chairman of Adani Group, Gautam Adani, said that strong growth in EBITDA from incubating businesses, led by a 61% jump in the airport segment, showcases the strength and scalability of the operating model.
Adani Enterprises reported a 49% drop in Q1 profit largely due to weak coal demand.
The company's coal trading division, which accounts for 36% of revenue, was impacted by lower demand due to a mild summer and early monsoon, resulting in a 17% drop in traded coal volumes to 12.8 million tons.
This could be a primary cause of the Adani Enterprises share price drop.
The other reason for the decline in share price is because Gautam Adani exited a key managerial position at Adani Port on 5 August 2025.
The company appointed Manish Kejriwal as an additional independent director for a 3-year term starting 5 August 2025.
Moving forward, the Adani Group is expanding into new growth areas.
Adani Enterprises aims to start green hydrogen production and related products and invest in sustainable energy solutions in the coming years.
The company also plans to invest around Rs 50 bn in data centers, aiming to boost its presence in digital infrastructure as demand for data centers is expected to rise.
Adani Enterprises is pushing forward with big investments in renewable energy, starting commercial production of solar cell components in Gujarat.
Furthermore, the company aims to generate 45 GW of renewable power by 2030.
Adani Enterprises shares have slipped 7.3% over the past five trading sessions, extending their monthly decline to 16%.
Over the past year, the share price has plummeted 31%.
The stock touched its 52-week high of Rs 3,241.6 on 8 August 2024 and a 52-week low of Rs 2,026.9 on 3 March 2025.
Adani Enterprises is the flagship company of the Adani Group. It primarily has businesses in the natural resources, transport and logistics, and utility and strategy segments.
It has widened its presence across several industries, including integrated resource management (IRM), mining, solar manufacturing, airports, edible oil, defence, and aerospace.
It has, over time, ventured into new businesses such as airports, data centers, and water treatment plants.
To know more, check out Adani Enterprises financial factsheet and its latest quarterly results.
You can also compare Adani Enterprises with its peers on our website:
To know what's moving the Indian stock markets today, check out the most recent share market updates here.
Investors should evaluate the company's fundamentals, corporate governance, and valuations of the stock as key factors when conducting due diligence before making investment decisions.
Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. Learn more about our recommendation services here...
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