Adani Stocks  Raise, 10 Lakh Crores

Adani Group

All the Adani group stocks recorded their best rally since Hindenburg report

All 7 Adani stocks were in the green. Adani Ent was up over 18%, Adani Ports was up 6%

Stocks in green

M-cap of all Adani group stocks put together crossed ₹10 lakh crore - highest since Hindenburg report

Market- cap of Adani Stocks on May 22

M-cap of all Adani group stocks put together crossed ₹10 lakh crore - highest since Hindenburg report

What's fueling the rally?

SEBI said, it had not discovered any proof of 'wash trades' against Adani group scrips

SEBI on Adani

On Jan 24, Hindenburg claimed Adani group's involvement in stock manipulation and fraud

Hindenburg claim

After the report, Adani shares nosedived by 60% in January

Impact on Adani group

Hindenburg allegations on Adani were used by the Opposition to target BJP

Political slugfest