Adani Stocks Soar up to 13% as Sebi Clears Gautam Adani, Group Firms of Related-Party Allegations

Shares of Adani Group companies rallied as much as 13% on September 19 after Sebi gave a clean chit to Gautam Adani and several group entities in cases linked to related-party transactions. The order provided a major relief to the conglomerate, which has been under intense scrutiny since Hindenburg Research’s short-seller report in early 2023. 📈 Market Reaction Adani Enterprises, Adani Power, Adani Green Energy, Adani Total Gas, Adani Ports, and Adani Wilmar surged sharply, with investors cheering the regulator’s verdict. Analysts said the ruling eased domestic regulatory concerns, raising hopes of a broader re-rating. ⚖️ Pending Matters The current relief pertains only to related-party allegations. Sebi’s verdict on minimum public shareholding and FPI ownership issues is still awaited. 🔎 Brokerage & Investor Sentiment Domestic mutual funds and retail investors have steadily increased exposure, cushioning FIIs’ exit. Morgan Stanley initiated “Overweight” on Adani Power with a ₹818 target (30% upside). Motilal Oswal set a ₹1,700 target for Adani Ports, citing strong growth visibility. Ventura Securities turned bullish on Adani Green, Adani Enterprises, and Adani Total Gas, projecting 20–25% upside. While many Adani stocks remain below pre-Hindenburg peaks, Adani Power and Adani Ports have rebounded over 130% since then, underlining renewed investor confidence. #AdaniGroup #GautamAdani #SEBI #StockMarket #AdaniEnterprises #AdaniPower #AdaniGreen