Adani Group Stocks Rally on SC Verdict Clearing Allegations

The markets reacted strongly today as major Adani group companies saw their share prices surge, buoyed by a favorable judgment from the Supreme Court.

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Adani Group Stocks Rally on SC Verdict Clearing Allegations

The markets reacted strongly today as major Adani group companies saw their share prices surge, buoyed by a favorable judgment from the Supreme Court.

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In its ruling, the apex court dismissed petitions seeking investigations into allegations of stock manipulation levelled against the business conglomerate last year.

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It alleged lack of corporate governance and opaque dealing.

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The report sent Adani group shares plummeting at the time amid a wave of selling pressure.

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The group has maintained it followed all applicable rules and the claims were unfounded smears intended to damage its reputation.

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Other key units like Total Gas, Energy Solutions and Green Energy also saw double-digit price appreciations.

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