Adani Group shares prolonged their rally on Monday, collectively gaining Rs 1.78 lakh crore in market valuation over two days, buoyed by heavy shopping for after markets regulator Sebi dismissed allegations in the Hindenburg case. The clear chit, which discovered no proof of inventory manipulation or related-party misuse, has lifted investor sentiment throughout the group’s listed firms.Shares of Adani Power soared 19.99 per cent to hit its higher circuit restrict of Rs 170.15 on the BSE, in keeping with PTI. Other gainers included Adani Total Gas (up 19.87 per cent), Adani Green Energy (11.75 per cent), Adani Energy Solutions (6.94 per cent), and Adani Enterprises (4.24 per cent). Ambuja Cements rose 1.43 per cent, Adani Ports 1.17 per cent, NDTV 1.12 per cent, and ACC 0.30 per cent.Together, the group added Rs 1,78,598.41 crore in market valuation in simply two periods. The surge follows Sebi’s Thursday order, which concluded its investigation into allegations raised by US-based quick vendor Hindenburg Research in early 2023. The rally started on Friday, when Adani Power jumped over 12 per cent, signalling renewed investor confidence in the group.
