Adani group stocks rally continues, Adani enterprises up over 30% in last 4 days

Three out of ten Adani stocks were locked in their respective 5% upper circuit limits on Wednesday. For the 4th day, many of the Adani group stocks saw the rally continue.

Adani Transmission, Adani Total Gas, and NTDV all saw 5% increase in share prices, while Adani Green and Adani Power saw a 4% increase on Wednesday morning. However, the group's flagship company Adani Enterprises and Adani Ports, saw some decline in their share prices.

Since Friday, shares of Adani Enterprises have increased by over 30%.

Since the report on the Hindenburg issue from the Supreme Court-appointed committee was made public and the last four trading sessions began, the combined market capitalization of Adani stocks has increased by around ₹2 lakh crore or 16% to ₹11 lakh crore.

The Supreme Court panel, led by former judge Justice AM Sapre, stated in its 173-page report, that there was no evidence of regulatory failure by capital markets regulator SEBI.