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Kundan Motwani

19th May · SEBI-Registered Analyst

Stocks across the Adani group witnessed strong bullish momentum after the news flow:
ADANIENT
ADANIGREEN
ADANIPORTS

The recent U.S. legal developments involving the Adani Group have turned sentiment sharply positive for Adani stocks. The U.S. Department of Justice has reportedly dropped criminal fraud charges against Gautam Adani, while the SEC civil case is also moving toward settlement. Key highlights of the decision: U.S. prosecutors sought permanent dismissal of securities and wire fraud charges. SEC settlement is expected without admission of wrongdoing. Legal overhang on overseas fundraising and global expansion may reduce significantly. Investor confidence improved due to reduced regulatory uncertainty. Impact on Adani Stock Price Action Stocks across the Adani group witnessed strong bullish momentum after the news flow: Buying interest increased because markets had already priced in major legal risk. Traders are expecting easier access to foreign funding and institutional participation. Short covering and momentum buying supported sharp upside moves. Sentiment improved especially in infrastructure, ports, power, and transmission businesses. Technical View on ADANIENT Current structure suggests: Strong support zone: ₹3,050–3,100 Immediate resistance: ₹3,350–3,450 If stock sustains above resistance, momentum can extend toward fresh highs. Volume expansion after the legal update indicates institutional participation. Market Interpretation The market is treating this as: A removal of a major uncertainty. Positive for debt refinancing and international projects. A sentiment booster for the broader Adani ecosystem. However, volatility may remain high because: Political and regulatory scrutiny still exists in India. Traders may book profits after sharp rallies. Global media attention on the settlement terms could continue.

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