Adani Stocks Surge After Short Selling Case Verdict, Add Rs 1.18 Lakh Crore In Investor Wealth

Shares of Adani group companies rose after the Supreme Court verdict on the Adani Group-Hindenburg Research case.

Adani Energy Solution Ltd. led gains after the stocks surged over 11%, followed by Adani Total Gas Ltd. which was over 9%. Adani Ports and Special Economic Zone Ltd. and Ambuja Cements Ltd. were at 52-week high during the day.

Adani Group stocks added as much as Rs 1.18 lakh crore in investor wealth, taking their total market capitalisation to Rs 15.62 lakh crore, intraday, the highest since Jan. 27, 2023

At 3:30 p.m., the shares added Rs 63,703 crore in market value taking the capitalisation to Rs 15.08 lakh crore.

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