• Source:JND
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Adani Group stock surged over 9% in intraday trade on Wednesday after the Gautam Adani-led firm issued a clarification on the allegations levelled by US the Justice Department. In a filing to exchange, Adani Group said that Gautam Adani, nephew Sagar Adani Adani Green MD and CEO Vineet Jain were not named in the bribery case.

Post the development the All Adani group stock took the upward path.

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Adani Group Stocks Share Price (In Aftenoon Trade)

  • Adani Green Energy Limited Share Price- The stock surged over 6.62 per cent
  • Shares of Adani Enterprises, the flagship firm of the Adani group  soared over 6 per cent
  • Adani Energy Solutions' share price soared up to 9.70 per cent
  • Adani Total Gas Limited shares jumped  over 8.5 per cent
  • Adani Ports share price surged up to 3% 
  • Shares of Adani Wilmar soared 4.67 per cent
  • Adani Power's share price jumped 7.88 per cent
  • ACC 1.96 percent
  • NDTV's share price surged over 4.3 per cent
  • Ambuja Cement shares rose 2.29 per cent
  • Why Adani Group Stocks Are Soaring Today?

Why Adani Group Stocks Are Soaring Today?

The shares of Adani Group witnessed a surge today after Adani Green Energy Limited said in a release to the exchanges that Gautam Adani, Sagar Adani and Vineet Jain have not been charged with any violations of the FCPA (Foreign Corrupt Practices Act) of the United States in the matters outlined in the indictment of the US Department of Justice or the civil complaint of the US Securities and Exchange Commission.

The US Department of Justice and the US Securities and Exchange Commission are investigating the company. The company stated the stock exchanges refuting the claims made against its founder Gautam Adani, his nephew Sagar Adani and Adani Green Energy CEO Vineet Jain.

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