Adani Group stocks rally up to 20%, add Rs 1 trn in market capitalisation

Shares of Adani Group companies rallied 5-20 per cent on Tuesday, the first trading day after the Supreme Court reserved its orders in the matter pertaining to allegations made by US-based Hindenburg Research and their investigation by the Securities and Exchange Board of India (Sebi).

The 11 listed group companies added over Rs 1 trillion in market capitalisation (mcap), surpassing the Rs 11 trillion mark once again. This was the biggest single-day jump in the group’s market cap since April 11. Experts said the gains were owing to improvement in investor sentiment following last week’s proceedings in the Supreme Court and hopes that the port-to-power conglomerate will now have a clear pathway to growth.