Adani Group Shares Rally as SEBI Clears Stock Manipulation Allegations

Adani Group stocks surged up to 10% on September 19 after SEBI gave the conglomerate and Gautam Adani a clean chit in the Hindenburg-triggered stock manipulation case. The regulator found no evidence of insider trading or related-party fund routing. The verdict eased regulatory concerns, while Morgan Stanley initiated an “overweight” call on Adani Power.