Adani Group stocks witnessed buying interest from market participants after the Supreme Court reserved its verdict in the Adani-Hindenburg case. The bench, led by Chief Justice of India DY Chandrachud, observed that SEBI must complete its probe in all 24 cases.
All 10 stocks from Gautam Adani’s portfolio are trading positively after the Supreme Court reserved its order on the Adani-Hindenburg issue.
Shares of Adani Enterprises Ltd. rose over 6% to ₹2,376.65, while other Adani Group stocks including Adani Total Gas, Adani Power, and Adani Ports rose 15%, 7%, and 3%, respectively. Additionally, Adani Energy Solutions added 12%, Adani Green Energy 7%, NDTV 5%, Adani Wilmar 5%, ACC 3%, and Ambuja Cements gained 3%.
The Supreme Court has reserved its verdict in the Adani-Hindenburg case and directed SEBI to complete its probe in all 24 cases. SEBI had submitted a status report in August stating that it had completed its investigation in 22 out of the 24 cases.
The Supreme Court has directed SEBI to complete its probe in all 24 cases related to the Adani-Hindenburg issue. The court also clarified that the appointment of industry veterans was to bring expertise in addressing the issue and not to appoint judges.
