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.

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

It alleged lack of corporate governance and opaque dealing.

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

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

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