Adani Group stocks climb sharply after the Securities and Exchange Board of India (SEBI) dismissed two of the allegations made by U.S.-based short-seller Hindenburg Research. On Friday, shares of multiple Adani firms surged between 1% and 10%, boosting overall investor sentiment.
The SEBI ruling provided partial relief to the conglomerate, though 22 additional orders remain under review. Still, the development sparked a wave of buying interest across the group. Analysts said the positive outcome signaled confidence in the regulator’s findings, encouraging investors to re-enter Adani counters.
Adani Total Gas led the surge, jumping 10%. The flagship Adani Enterprises advanced 4.3%, while Adani Power gained 7.4% after Morgan Stanley initiated coverage with an “overweight” rating. Adani Ports rose 2%, and both Adani Green Energy and Adani Energy Solutions added nearly 4% each. The rally highlighted how Adani Group stocks climb when investors sense regulatory clarity.
The investigation began in 2023, when Hindenburg accused the conglomerate of stock manipulation, use of tax havens, and concealing related-party transactions. The allegations erased $150 billion from Adani’s market capitalization at the time. Although the group denied the charges, the episode triggered extreme volatility. Since then, many Adani stocks have steadily recovered, reflecting investor trust.
Reacting to SEBI’s ruling, chairman Gautam Adani posted on X, “SEBI has reaffirmed what we have always maintained, that the Hindenburg claims were baseless. Transparency and integrity have always defined the Adani Group.”
Market experts believe the stock momentum could continue if further SEBI orders also favor the group. With global investors closely watching, the case remains a critical factor for Adani’s long-term market performance.
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