Adani Enterprises Share Price Today (28 November 2025): Stock Rebounds on Aviation Bets, Mega Rights Issue and NCLT Progress

Mumbai, 28 November 2025 – Adani Enterprises Limited (NSE: ADANIENT), the flagship incubator of the Adani Group, was back in focus on Friday as the stock bounced after a recent losing streak, helped by fresh news on aviation acquisitions, a ₹24,930 crore rights issue in full swing, and a key insolvency resolution milestone involving Jaiprakash Associates. ^[1]

Adani Enterprises share price today: key numbers

By late morning on Friday:

Last traded price: around ₹2,298 per share at 11:00 AM IST, up about 1.9% from the previous close of ₹2,255. ^[2]
Subsequent tick: liveblog data later showed the stock near ₹2,309, implying intraday gains of roughly 2.4%. ^[3]
Day’s range so far: roughly ₹2,248 – ₹2,307, indicating a firm bounce from early lows. ^[4]
Market capitalisation: about ₹2.6–2.9 lakh crore, keeping Adani Enterprises firmly in the large‑cap bracket. ^[5]
52‑week range: approximately ₹2,002 – ₹2,599, so the stock is trading closer to the middle of its one‑year band. ^[6]
Recent performance: despite today’s uptick, 1‑month returns are about –7–8% and 1‑year returns around –5–6%, even as the Nifty 50 trades at record territory. ^[7]

Indian benchmarks themselves opened mildly positive on Friday, with the Nifty 50 hovering above 26,200 and the Sensex near 85,700 after hitting fresh record highs earlier in the week, setting a broadly supportive backdrop for large caps like Adani Enterprises. ^[8]

Stock rebounds after five‑day losing streak

Market data show that Friday’s move in Adani Enterprises is not just a random blip:

The stock had been under pressure recently, declining about 5% over the past week and nearly 8% over the past month, even as the indices marched higher. ^[9]
On 28 November, Adani Enterprises emerged as one of the most actively traded stocks by value, with over 5.1 lakh shares changing hands and turnover topping ₹116 crore by early trade. ^[10]
The stock opened near ₹2,267, dipped to around ₹2,248 and then recovered towards ₹2,275+ by 09:45 AM IST, already showing a day gain of about 1.8% at that stage. ^[11]

This bounce marks a reversal after five consecutive sessions of decline, according to technical commentary, but the stock still trades below its 5‑day, 20‑day, 50‑day, 100‑day and 200‑day moving averages – a reminder that, in trend terms, it’s still working through a corrective phase rather than in a confirmed uptrend. ^[12]

Options and derivatives: aggressive trading around the ₹2,300 level

Derivatives data for today show that traders have picked Adani Enterprises as a high‑beta playground again:

Futures & options (F&O) action: combined open interest in Adani Enterprises derivatives rose to over 1.08 lakh contracts, up around 11% from the previous day, with total notional derivatives exposure estimated above ₹8,600 crore. ^[13]
Call‑heavy positioning: a fresh MarketsMojo report notes 14,568 call option contracts traded at the ₹2,300 strike for the 30 December 2025 expiry, with turnover near ₹34.4 crore and open interest of around 5,789 contracts at this strike alone. ^[14]
The underlying stock was quoted close to ₹2,303–2,307, almost exactly at that ₹2,300 strike, suggesting traders are clustering around this level as a key short‑term battleground. ^[15]

On a relative basis, Adani Enterprises’ daily return of a little over 2% today outpaces both its sector and the Sensex, which are up only a fraction of a percent, but analysts flag that the stock’s position below all major moving averages still argues for caution rather than outright euphoria. ^[16]

Delivery data from Thursday (27 November) add another layer: delivery volume jumped to about 7.57 lakh shares, an 85% spike versus the five‑day average, signalling that more investors are willing to hold the stock beyond intraday speculation – often an indicator of rising medium‑term conviction. ^[17]

Aviation push: FSTC pilot‑training buyout and AGHPort Aviation Services

A big reason Adani Enterprises is on every “stocks to watch” list today is a set of aviation‑focused moves that deepen its presence across the airport and aviation services value chain.

72.8% stake in FSTC for ₹820 crore

Adani Defence Systems & Technologies Ltd (ADSTL), part of the Adani Group, along with partners Horizon Aero Solutions / Prime Aero Services, has agreed to acquire roughly 72.8–73% in Flight Simulation Technique Centre (FSTC) at an enterprise value of about ₹820 crore. ^[18]

Key details:

FSTC is described as India’s largest independent pilot‑training company, running 11 full‑flight simulators and 17 training aircraft used for commercial pilot licences, recurrent training and advanced programs for airline crews. ^[19]
The stake is being taken by Adani’s defence and aerospace arm alongside its aviation partner entities, effectively plugging a specialised pilot‑training capability into the wider Adani ecosystem of airports and maintenance, repair and overhaul (MRO) facilities. ^[20]

For equity markets, this transaction is read as:

Strategic integration: Adani already operates multiple airports and is building an aviation services platform via MRO acquisitions; flight training completes another piece of the puzzle.
Capital allocation signal: the group is still deploying capital aggressively into long‑term infrastructure and aviation assets even as it raises equity through the rights issue.

AGHPort Aviation Services now under Adani Airport Holdings

Separately, Adani Enterprises disclosed that its wholly owned subsidiary Adani Airport Holdings Limited (AAHL) has taken operational control of AGHPort Aviation Services Pvt Ltd, making AGHPort a subsidiary of AAHL and a step‑down subsidiary of Adani Enterprises. ^[21]

AGHPort is involved in aviation ground‑handling and related airport services. Folding it into AAHL:

Tightens Adani’s control over ground operations and service quality at airports where it is present.
Fits the broader ambition of building a “one‑stop” aviation services platform, from airport operations and MRO to training and ground handling. ^[22]

Collectively, the FSTC acquisition plus AGHPort control explain why multiple brokerage and news outfits flagged Adani Enterprises among the top stocks to track in Friday’s trade. ^[23]

Mega ₹24,930 crore rights issue in full swing

Beyond aviation, the dominant overhang/support for the stock right now is the ongoing rights issue, one of the largest such capital‑raises in India.

Structure and pricing

According to exchange filings and detailed explainers from ET and Mint: ^[24]

Issue size: up to ₹24,930 crore (often rounded to ₹25,000 crore) via 13.85 crore partly paid‑up equity shares.
Issue price:₹1,800 per share, at roughly a 23–24% discount to the pre‑issue market price when the offer opened on 25 November 2025.
Rights ratio:3 rights shares for every 25 fully paid‑up shares held on the record date of 17 November 2025.
Payment schedule per share:
- ₹900 on application (50%)
- ₹450 in the first call (expected 12–27 January 2026)
- ₹450 in the second and final call (expected 2–16 March 2026) ^[25]
Issue window: opens 25 November 2025, scheduled to close on 10 December 2025. ^[26]
Rights entitlement trading: the Adani Enterprises RE (ADANI‑RE) instrument listed on the NSE on 24 November and is expected to trade until 5 December 2025, giving investors the option to sell or buy entitlements in the market. ^[27]

Use of proceeds

The company has laid out a fairly detailed shopping list for the money: ^[28]

Next‑gen infrastructure projects: including airports, data centres, green hydrogen, roads and copper/PVC capacities.
Digital and media ventures and other incubated businesses under Adani Enterprises.
Debt reduction: part of the funds are earmarked to repay or prepay borrowings at Adani Enterprises and its subsidiaries, including Adani Airport Holdings.
The group’s gross debt stood near ₹92,000 crore as of September, while Adani has signalled a capex run‑rate of $15–20 billion annually over the next five years. ^[29]

Brokerage commentary (for example, Ventura Securities) has broadly framed the issue as strategic and attractively priced relative to long‑term growth expectations, though that is one house view rather than consensus. ^[30]

For existing shareholders, the rights issue creates a short‑term supply and sentiment overhang but also offers discounted access to new shares, and the active trading in the rights entitlement (ADANI‑RE) shows the market is already busy repricing that dilution versus funding benefit. ^[31]

IBC angle: Jaiprakash Associates resolution plan reaches NCLT

Another news thread tied to Adani Enterprises today comes from the stressed‑assets universe:

In an update on Jaiprakash Associates Limited’s insolvency process, the resolution professional has submitted the resolution plan – backed by Adani Enterprises – to the National Company Law Tribunal (NCLT), Allahabad Bench, under Section 30(6) of the Insolvency and Bankruptcy Code. ^[32]
The filing was made on 27 November 2025, after the committee of creditors approved Adani Enterprises’ plan earlier. The matter now awaits NCLT scrutiny and orders. ^[33]

This doesn’t change Adani Enterprises’ financials overnight, but markets pay attention because:

A successful resolution would potentially give Adani control over significant cement and real‑estate assets, deepening its footprint in another capital‑heavy sector. ^[34]
The NCLT timeline and any conditionalities attached to approval could affect both the pace of consolidation and future capital needs, especially in the context of the ongoing rights issue.

EGM on 29 December: NCLT‑driven scheme on the calendar

In parallel, Adani Enterprises investors also have a date to circle:

The company has called an extraordinary general meeting (EGM) for 29 December 2025, via video conference, following directions from the NCLT. ^[35]
The meeting is meant for shareholders to consider and, if thought fit, approve a composite scheme of arrangement, details of which are laid out in NCLT documents and company filings.

While the scheme itself is more of a structural and governance exercise than an immediate P&L event, such NCLT‑linked schemes can affect group simplification, potential mergers/demergers and future fund‑raising flexibility, all of which equity investors track carefully. ^[36]

Fundamentals check: what the market is paying for

Despite the recent wobble in the share price, Adani Enterprises still trades at premium valuations relative to many diversified peers:

Trailing PE ratio: around 33–34x, based on trailing twelve‑month EPS of roughly ₹68 per share. ^[37]
Price‑to‑book: about 4.6x, with book value per share close to ₹489. ^[38]
Market cap: roughly ₹2.65–2.9 lakh crore, giving it a top‑three position by market value in its “diversified” sector basket on some screens. ^[39]
Return on equity: about 14.9% for FY25, significantly above the company’s 5‑year average ROE of roughly 9.5%, suggesting improving capital efficiency even as capex ramps up. ^[40]

On the earnings side:

For the quarter ended 30 September 2025, Adani Enterprises reported consolidated income of around ₹21,844 crore, down about 2.6% quarter‑on‑quarter and 5.8% year‑on‑year, with net profit after tax of roughly ₹3,397 crore. ^[41]

Longer‑term price returns tell the story of both boom and reset:

Three‑year stock return: roughly –40%, compared with a +41% gain for the Nifty 50 over the same period – the aftermath of the post‑2022 Adani volatility. ^[42]
Five‑year return: still a massive ~475%, reflecting the earlier multi‑year rally as Adani’s incubated businesses scaled and listed. ^[43]

So the market is effectively paying today’s premium multiple for tomorrow’s airport, data‑centre and green‑hydrogen cash flows, while continuing to discount governance, leverage and concentration risks that have kept the stock well off its earlier highs.

What traders and investors will watch next

Putting all the moving pieces together, here are the main near‑term triggers for Adani Enterprises stock:

Rights issue subscription data – early signals on how strongly institutional and retail investors are taking up the discounted shares, and how the ADANI‑RE entitlement trades into the first week of December. ^[44]
Aviation integration updates – clarity on how FSTC is integrated with Adani’s airports and MRO businesses, and any further disclosures around AGHPort’s financials and synergies. ^[45]
NCLT progress on Jaiprakash Associates – hearings and orders from the Allahabad Bench will shape both capital‑allocation expectations and potential future debt or equity requirements tied to that acquisition. ^[46]
EGM outcome on 29 December – shareholder voting on the composite scheme and any restructurings it entails. ^[47]
Broader market mood – with Nifty and Sensex at all‑time highs, any risk‑off phase or correction could hit high‑beta names like Adani Enterprises harder than the index. ^[48]

For now, the data paint a picture of a stock at a crossroads: strong intraday bounce, heavy derivatives and delivery activity, and big strategic moves in aviation and capital‑raising – but still technically below key moving averages and carrying a lot of execution risk.

Adani Enterprises Share Price: शिखर पर शेयर बाजार, लेकिन औंधे मुंह गिरे अदाणी ग्रुप के शेयर