Adani group stocks jump, mcap up Rs 66k crore in day
The regulator’s order, which dismissed allegations of stock manipulation and related-party misuse, ignited a surge of investor confidence, sending Adani stocks sharply higher across the board.
Adani Power surged 12%, emerging as the top gainer across the group’s listed entities (see graphic).
Adani Power hit its 52-week high during the day.
Adding to the momentum, Morgan Stanley initiated coverage on Adani Power, marking the first such recommendation in more than a decade by the research house.
The move is being read as a signal that confidence is returning not just among retail investors but also across global institutional stakeholders, who had largely stayed on the sidelines since the Hindenburg-triggered crash.
The total market cap of these companies stood at nearly Rs 14 lakh crore.
