Adani Shares Soar As Bribery Allegations Clear; Market Cap Jumps Rs 1.2 Lakh Crore

Investors flocked to Adani Group stocks, driving significant price hikes across the board. Leading the rally were Adani Power and Adani Total Gas, which surged to their 20% upper circuit limits.

The sharp gains followed reports confirming that neither Gautam Adani nor senior executives like Sagar Adani and Vneet Jaain faced bribery accusations.

Source : PTI

Adani Group witnessed a significant turnaround in investor sentiment on Wednesday, with its market capitalisation swelling by Rs 1.2 lakh crore in a single trading session. This remarkable 10 per cent surge came as legal clarifications eased concerns over alleged bribery charges, which had previously dampened confidence. The rally underscores the strong faith investors continue to place in the conglomerate's long-term growth trajectory.

The sharp gains followed reports confirming that neither Gautam Adani nor senior executives like Sagar Adani and Vneet Jaain faced bribery accusations. Statements from legal experts, including former Attorney General Mukul Rohatgi, clarified that the allegations involved third parties and not the group itself, bringing much-needed relief to the market.

Investors flocked to Adani Group stocks, driving significant price hikes across the board. Leading the rally were Adani Power and Adani Total Gas, both of which surged to their 20 per cent upper circuit limits. Other group entities also posted robust gains, with Adani Enterprises climbing 11.6 per cent, Adani Green Energy and Adani Energy Solutions each gaining 10 per cent, and Adani Ports & SEZ rising 5.9 per cent. Cement companies Ambuja Cements and ACC Ltd also advanced by 4.55 per cent and 4.05 per cent, respectively.

Adani Shares Surge: Key Performers in the Rally

Adani Co.	Closing Price	Mcap (Rs cr)	Mcap Gain(Rs cr)	Gain in per cent
AEL	2399	273488	26465	11 per cent
AESL	660.8525.15	73705.63	6681.25	10 per cent
APL	525.15	202545.1	33323.62	20 per cent
AGEL	988.4	158562	14240.16	10 per cent
APSEZ	1195.5	258240	13824.64	6 per cent
ATGL	695.3	76469.1	12460.73	20 per cent
AWL	314.6	40887.89	3145.22	8 per cent
ACL	515.95	102447	4358.39	4 per cent
ACC	2202.95	41353.6	1615.08	4 per cent
NDTV	2202	750.6	58.38	8 per cent
Total	180	1226447	116172.57	10 per cent

This rally marks a robust comeback for the group, which had recently faced a setback due to allegations involving the US Department of Justice. The renewed investor confidence highlights Adani’s resilience and the market's optimism about its role as a major player in sectors like energy, logistics, and infrastructure, both domestically and globally.

The conglomerate's presence in international markets, including Israel, Africa, and Bangladesh, continues to solidify its reputation as a leader in large-scale projects. This recovery serves as a testament to the group’s ability to navigate challenges and maintain its growth momentum.