• By Aditya Pratap Singh
  • Tue, 28 Nov 2023 12:05 PM (IST)
  • Source:JND

Shares of listed Adani Group companies surged as much as 20 per cent on Tuesday after the Supreme Court (SC) reserved its judgment over several petitions seeking an inquiry into allegations of account manipulation and stock manipulation.

The Supreme Court reserved its judgment and said that it cannot order an inquiry based on certain statements without hearing the companies affected by its orders. "We need not treat the Hindenburg Report as a statement of fact. US short seller Hindenburg was the one who levelled the allegations against the Adani Group in January this year.

An SC bench comprising Judge Pardiwala, Manoj Mishra, and others said that a statutory regulatory notice like SEBI cannot be expected to issue a statutory regulatory notice based on reports published by Hindenburg or any news agency.

Adani Stock picks upward trends today

Adani Total Gas

On the National Stock Exchange (NSE), Adani Total Gas rose 19.62 percent to Rs 642. About 50 lakh shares were traded, which was higher than the weekly and monthly average volume of 5 lakh and 6 lakh shares. Its market capitalization has crossed Rs 67,000 crore.

Adani Energy Solution and Adani Green Energy

Shares of Adani Energy Solutions rose 17 per cent to Rs 854 on the NSE. Adani Green Energy's share price rose nearly 13 per cent to Rs 1,061.50. Adani Power's share price also rose 12 per cent to Rs 448.

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Adani Wilmar

Shares of Adani Wilmar rose 9 per cent to Rs 347 on the NSE. Shares of Adani Enterprises, the flagship of the Gautam Adani-led group, rose 10 per cent to Rs. 2,466. Meanwhile, shares of Adani Ports rose nearly 6 per cent to Rs 845.00 on the NSE.

Among other Adani Group listed companies, shares of NDTV gained more than 11 per cent, Ambuja Cements more than 4 per cent, and ACC more than 3 per cent.

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Note: This is a news story of shares' performance in a given period of time. Jagran does not give advice to invest, please do research and take proper advice before investing.