Adani Enterprises Shares Jump 8% on US Court Relief in SEC Case

i Enterprises shares surged over 8% on Wednesday, April 8, 2026, after a US court granted the company's counsel a pre-motion conference to discuss dismissing the US Securities and Exchange Commission (SEC) complaint. Positive broader market sentiment, aided by the recent US-Iran truce, also supported the rally. The stock was trading at Rs 2,033.90, up Rs 151.80 or 8.07% from the previous close. In its latest order, the US District Court for the Eastern District of New York accepted the defendants' request for a pre-motion conference on their anticipated motion to dismiss. The court directed both parties to coordinate with its deputy to schedule the session. Earlier, lawyers for Gautam Adani and Sagar Adani had indicated plans to file a formal motion seeking dismissal of the SEC complaint by April 30. As part of the process, they submitted a letter to the judge outlining their readiness for the conference. This development provides significant legal relief to the Adani Group, as the motion to dismiss is expected to challenge the SEC case on grounds such as jurisdiction and other procedural issues. Investor sentiment improved markedly on the news, contributing to the sharp intraday gains in the stock.