Adani Stocks Jump Up to 12% After India–US Trade Deal Eases Tariff Pressure
- 3rd February 2026
- 02:50 PM
- 2 min read
Summary
Adani Group stocks rallied sharply on February 3 after the India–US trade deal cut reciprocal tariffs on Indian goods to 18% from 25% earlier, easing a key market overhang. Shares of Adani Enterprises, Adani Ports, Adani Green Energy and Adani Power rose up to 12% as investors priced in improved trade and export visibility.Mumbai | February 3, 2026
Adani Group stocks were among the prominent gainers in Tuesday’s session as Indian markets rallied following the announcement of the long-awaited India–US trade deal.
The agreement, finalised after a phone conversation between Prime Minister Narendra Modi and US President Donald Trump, reduced reciprocal tariffs on Indian goods to 18% from 25% earlier.
The deal helped remove a major source of uncertainty that had weighed on Indian equities for the past eight to nine months, triggering broad-based buying across sectors.
Trade Deal Lifted Adani Group Stocks
According to PL Capital, easing tariff pressure improves visibility for trade-linked sectors such as ports, energy and infrastructure, where the Adani Group has significant exposure.
Expectations of stronger bilateral economic ties between India and the US also supported sentiment around energy trade, ports and infrastructure-linked businesses.
Other Adani Group companies, including Adani Power and Adani Energy Solutions, also saw buying interest amid hopes that select group entities could benefit from stronger energy trade linkages and infrastructure-related opportunities stemming from deeper bilateral cooperation.
Investor confidence was further aided by commentary from global broking houses, which identified the Adani Group as one of the potential beneficiaries of the trade deal due to its exposure to trade-linked infrastructure. The note also highlighted auto ancillaries, solar manufacturers, chemical companies and textiles as other sectors likely to benefit.
Stock Performance Snapshot
Adani Group stocks traded firmly higher in early trade:
Adani Enterprises rose 10.6% to ₹2,206.70, while Adani Ports and Special Economic Zone gained 7.35% to ₹1,506.20. Adani Green Energy jumped 10.21% to ₹930.10, and Adani Power advanced 6% to ₹142.66 in early trade.
Other group companies, including Adani Energy Solutions and Adani Total Gas, also posted gains, while cement stocks Ambuja Cements and ACC edged higher.
PL Capital View on Adani Ports
PL Capital has a Buy rating on Adani Ports and Special Economic Zone with a target price of ₹1,876 citing the addition of a high-margin, long-life overseas port asset that strengthens dollar-linked cash flows and enhances the company’s presence along key East–West trade corridors.
For market updates linked to the India–US trade deal follow PL Capital
