Adani Group Shares Rally: Adani Ports Leads Gains As Sensex, Nifty Surge

According to US-based research firm Bernstein, Adani Group is now in a stronger financial position compared to the period following allegations from short-seller Hindenburg in January 2023

Other Adani Group stocks also witnessed upward movement on the BSE, with Ambuja Cements rising 5.15 per cent, ACC climbing 2.56 per cent, Adani Enterprises gaining 2.33 per cent.

Source : Adani Group

Shares of seven Adani Group companies ended higher on Tuesday, with Adani Ports and Special Economic Zone leading the charge with a 6.02 per cent gain, emerging as the top performer among Sensex and Nifty firms. Other Adani Group stocks also witnessed upward movement on the BSE, with Ambuja Cements rising 5.15 per cent, ACC climbing 2.56 per cent, Adani Enterprises gaining 2.33 per cent, Sanghi Industries up 2.09 per cent, Adani Wilmar rising 1.19 per cent, and NDTV inching up 0.45 per cent.

However, some Adani stocks saw declines, including Adani Green Energy, which fell 1.17 per cent, Adani Power down 0.87 per cent, Adani Total Gas slipping 0.83 per cent, and Adani Energy Solutions declining 0.60 per cent.

The market rally was reflected in broader indices, as the BSE Sensex surged 598 points (0.74 per cent ) to close at 80,846, while the NSE Nifty50 climbed 181 points (0.75 per cent ) to settle at 24,457.

Bernstein Highlights Adani Group's Financial Resilience

According to US-based research firm Bernstein, Adani Group is now in a stronger financial position compared to the period following allegations from short-seller Hindenburg Research in January 2023. Bernstein’s analysis points to a dramatic reduction in promoter share pledges, lower leverage, consistent debt repayment, and improved valuations as key indicators of the group's progress.

The Hindenburg report had accused Adani Group of accounting fraud and financial misconduct, allegations that were strongly denied by the conglomerate. Recently, on November 21, US authorities filed an indictment against Adani Group founder Gautam Adani and key aides in a bribery case, which the group also denied.

Bernstein noted that Adani has made significant strides over the past 18 months, particularly by eliminating share pledges across its companies, reducing risks, and stabilising operations. "The group is now in a much stronger position with no share pledges, low leverage, debt repayments, and improved valuations," the Bernstein report said.

As the ports-to-energy conglomerate navigates its challenges, the market’s reaction on Tuesday signals growing investor confidence in its resilience and strategic improvements.