Adani Power Share Soars as SEBI Clears Allegations – Adani Group Stocks Shine
If anything is being discussed the most in the market today, it’s the meteoric rally of Adani Power shares and other Adani Group stocks. The uncertainty that had been building among investors for the past few days has finally ended. The reason is simple: SEBI has cleared Gautam Adani and his group of allegations of stock manipulation. This news sent Adani Power shares, Adani Enterprises shares, and Adani Green shares soaring.
Why Adani Power Shares Are Flying High
Adani Group stocks soared as soon as the market opened on Friday. First, let’s talk about Adani Power shares, which zoomed nearly 8.8% to trade at ₹686.95 per share. This rise is because confidence has now returned among investors. The uncertainty that had arisen after Hindenburg Research’s 2023 report was clearly addressed by SEBI through its detailed order.
Adani Enterprises’ share price also jumped 5.18% to ₹2,526.60. This shows that the market has taken the regulator’s findings positively. Not only that, Adani Total Gas shares also jumped 13.3% to ₹687.75. At a time when global markets are in a slightly cautious mood, this rally in Adani Group shares is also an emotional relief for investors.
Adani Green, Ports, and Cement Companies Also Gaining Momentum
Adani Group’s rally wasn’t limited to just power and enterprises. Adani Green shares were also trading 3.64% higher at ₹1,014.55. This clearly shows that investor confidence is returning to the renewable energy segment. On the other hand, the Adani Ports share price and the Adani Ports share were both trading at ₹1,442.50 with a gain of almost 2%.
The cement division also witnessed some movement today. Shares of ACC Ltd rose by almost 1% to reach ₹1,873, while Ambuja Cements shares also rose by 0.69% to trade at ₹584.75. This clearly shows that the positive effect of SEBI’s verdict is not limited to power and ports only, but confidence is also returning to the entire Adani ecosystem, including cement companies.
SEBI’s Final Word: No Wrongdoing by Adani
The biggest question that has been circulating in the market since January 2023 is whether the Adani Group truly routed funds through related parties. Hindenburg alleged in its report that funds were pumped using Adicorp Enterprises Pvt Ltd, Milestone Tradelinks Pvt Ltd, and Rehvar Infrastructure Pvt Ltd. However, a detailed SEBI investigation has clarified that no such related party transaction disclosure violations occurred.
Board member Kamlesh C Varshney also highlighted in his order that the transactions did not fall within the definition of “related party.” This means that there was no insider trading, no market manipulation, and no violation of public shareholding norms.
This is why the regulator found no basis to impose any liability or penalty on the Adani entities. This is a major victory for the Adani Group, and this is why the Adani share price is making headlines in the market today.
Hindenburg Report and Adani Group’s Journey
Hindenburg’s 2023 report was a moment that shook Adani Group shares. Since then, approximately $150 billion in value was wiped out from Adani Power shares, Adani Enterprises shares, and Adani Green shares. Many investors lost their trust.
But now, following SEBI’s clean chit, market sentiment has completely changed. Gautam Adani himself posted an emotional post on X, stating that SEBI’s order once again confirmed that Hindenburg’s allegations were baseless. He also apologized to those who spread “false narratives.”
What It Means for Investors
Today is clearly a turning point. For hesitant investors, it has now become a confidence booster. The rally in Adani Power Shares is proof that the market values trust. If the regulator gives a clean chit, it means that the group’s fundamentals will once again come into the spotlight.
For long-term investors, Adani Enterprises’ share price and Adani Ports’ share price also send a positive signal. Optimism is returning to both Adani Green’s share in the renewable energy space and Adani Ports’ share in the infrastructure space. The meteoric rise in Adani Total Gas shares also indicates strong demand for clean energy and gas distribution.
Final Thoughts
This is not just a regulatory victory for the Adani Group, but also an emotional one. The controversies of the past two years had left investors confused and panicked. But now that SEBI has issued a clear statement, investors have renewed hope.
Adani Power shares’ rise today isn’t just a price movement; it’s a signal that the market is ready to trust again. And if this trust is sustained, we could see even greater gains in the future.
Disclaimer:
This article is for informational purposes only. The details provided here should not be construed as financial advice. If you wish to invest, please consult your financial advisor.
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