SBI Mutual Fund Buys Rs 1,435 Crore Adani Enterprises Stake as Shares Hit 52-Week High
SBI Mutual Fund acquired a 0.45% stake in Adani Enterprises from GQG Partners for Rs 1,435 crore as the stock surged to a 52-week high despite a Q4 net loss.
Adani Enterprises shares surged to a 52-week high on May 14, 2026, driven by a Rs 1,435 crore block deal and strong full-year earnings despite a quarterly net loss. SBI Mutual Fund acquired a 0.45% equity stake, purchasing 58.92 lakh shares at Rs 2,435.60 per share — a 2.5% discount to the previous close — from GQG Partners Emerging Markets Equity Fund. The stock rallied between 5.3% and 8.89% across exchanges, with the NSE price reaching Rs 2,720 and marking its highest closing level since November 19, 2024.
The block deal coincided with Adani Enterprises reporting its March quarter results, which revealed a net loss of Rs 221 crore compared to a profit of Rs 3,845 crore in the year-ago period. The loss stemmed from higher depreciation charges tied to newly commissioned assets in Navi Mumbai and a copper plant. However, revenue from operations grew 20% year-on-year to Rs 32,439 crore. For the full financial year FY26, the company reported a 31% increase in profit after tax to Rs 9,339 crore.
Chairman Gautam Adani characterized the results as reflecting a deliberate transition to a more stable infrastructure-led business model, positioning the company for sustained growth beyond the volatility of its earlier portfolio mix.
Keep reading in the app
The full story and every source, free in the app.
Coming soonGoogle Play