Adani Group Gains ₹66,000 Crore in Market Value After SEBI Ruling.
Adani Group companies added nearly ₹66,000 crore in market capitalisation on Friday after the Securities and Exchange Board of India (SEBI) delivered a favourable order in the Hindenburg-linked case. Shares of flagship Adani Enterprises rose over 7%, while Adani Ports, Adani Green Energy, and Adani Power also logged sharp gains. The rally helped offset broader weakness in the stock market, where the Sensex and Nifty were trading lower in early trade.
The surge comes after SEBI said it had found no evidence of stock manipulation in its investigation into the Adani-Hindenburg matter, bringing relief to investors and boosting sentiment around the conglomerate. With Friday’s gains, the group’s combined market capitalisation climbed to over ₹17.5 lakh crore, narrowing losses suffered since the January 2023 short-seller report.
Market analysts said the ruling removes a significant overhang for Adani stocks, though investors will remain watchful of global market cues and sectoral performance.
Comments are closed.