Adani Enterprises JV buys Vizag data park for Rs 1,085 cr

Adani Enterprises stock in focus as AdaniConneX buys Vizag Mega Data Center Park; resistance 2,800, support 2,600. Adani Enterprises Limited [ ADANIENT ]is in focus after its joint venture, AdaniConneX, completed the purchase of 100 percent of Vizag Mega Data Center Park Limited. Vizag Mega Data Center Park is now a joint venture of Adani Enterprises. The share purchase agreement was signed on November 5, 2026 with Adani Infra (India) Limited, the seller. The price was Rs 1,085.51 crore. The target was incorporated on February 3, 2026 and has not started commercial operations. It holds a sizable land parcel and key licences, which gives AdaniConneX land for data centre capacity at Vizag. On the daily chart, the stock fell from near 3,200 in July to around 2,450 in October. It has since bounced to 2,731. Resistance sits at 2,800 and support at 2,600. A daily close above 2,800 would open the way to the July highs. A close below 2,600 would put the October low back in play. Watch volume on any move through 2,800, and for any company update on when the Vizag site starts earning. Until 2,800 is cleared, the move stays a bounce inside a larger pullback. The stance is neutral while price holds above 2,600. Disclosure I do not hold any position in this stock. This is not a recommendation to buy or sell. Investments in securities markets are subject to market risks. Read all related documents carefully before investing.