Adani Group stocks saw strong buying on Friday following a clean chit from the Securities and Exchange Board of India (SEBI) regarding the Hindenburg Research allegations. All Adani shares closed higher, resulting in a ₹69,000 crore increase in the market capitalization of the group. Adani Power led the rally, surging 13.42% to ₹416.10 per share on the NSE. Adani Total Gas gained 7.55% to ₹652.80, while Adani Enterprise and Adani Green Energy rose over 5%. Shares of Adani Energy Solutions Ltd also added close to 5%. These gains collectively increased Gautam Adani’s net worth by ₹299 crore in a single day.
Breakdown of Gains:
- Adani Enterprises Ltd: Promoter holdings of 67.28 crore shares rose ₹126 per share, contributing ₹8,477.60 crore to net worth.
- ACC Ltd: 1.06 crore shares rose ₹12.90 each, adding ₹137.33 crore.
- Adani Energy Solutions Ltd: 69.93 crore shares rose ₹41.35, adding ₹2,891.40 crore.
- Adani Green Energy Ltd: 80.82 crore shares rose ₹53.60, adding ₹4,332.20 crore.
- Adani Ports & SEZ Ltd: 92.12 crore shares rose ₹16.20, adding ₹1,492.48 crore.
- Adani Total Gas Ltd: 41.13 crore shares rose ₹45.85, adding ₹1,885.95 crore.
- Ambuja Cements Ltd: 1.66 crore shares rose ₹1.80, adding ₹299.40 crore.
The rally followed SEBI’s conclusion that no evidence supported the allegations raised by Hindenburg Research in early 2023, which had previously wiped out nearly USD 150 billion from Adani Group’s market value. Investors welcomed the regulatory clarity, driving broad-based gains across Adani Group companies, particularly in energy-related stocks.
(With inputs from PTI)
Disclaimer: This article is for educational purposes only and should not be considered financial advice. Investors are advised to conduct their own research before making investment decisions.
