Adani Group stocks climb after SEBI dismisses Hindenburg allegations

By Admin

19 Sep, 2025

Adani Group stocks witnessed a strong upward momentum on Friday after the Securities and Exchange Board of India (SEBI) dismissed parts of U.S.-based short-seller Hindenburg Research’s allegations of stock manipulation. The development comes as a major relief to billionaire Gautam Adani’s conglomerate, which had been under intense scrutiny since early 2023.

SEBI Clears Two Charges, 22 Orders Still Pending

According to SEBI’s latest update, two charges against Adani group firms have been cleared, while 22 other regulatory orders remain under review. The regulator launched its probe last year after Hindenburg accused the group of using offshore tax havens and concealing related-party transactions. These allegations initially triggered a massive $150 billion erosion in market value across Adani firms, though most stocks have since staged a rebound.

Market Reaction: Stocks Jump Up to 10%

The market responded positively to SEBI’s dismissal of key charges. Shares of Adani Group companies rose between 1% and 10% during Friday’s trade.

• Adani Total Gas led the rally, soaring 10% and becoming the top gainer among the nine group entities.
  
  

• Adani Enterprises, the flagship firm, advanced 4.3%.
  
  

• Adani Power jumped 7.4% after global brokerage firm Morgan Stanley initiated coverage with an “overweight” rating.
  
  

• Adani Ports gained 2%, while Adani Green Energy and Adani Energy Solutions rose nearly 4% each.
  
  

Gautam Adani Reacts

Reacting to the development, Gautam Adani, chairman of Adani Group, reiterated his stance on the controversy. “SEBI has reaffirmed what we have always maintained, that the Hindenburg claims were baseless. Transparency and integrity have always defined the Adani Group,” Adani wrote on social media platform X late Thursday.

Looking Ahead

While the recent relief has boosted investor confidence, the Adani Group continues to face regulatory scrutiny with 22 pending orders from SEBI. The resolution of these cases will be crucial in determining the group’s long-term market stability and global investor sentiment.

For now, the rally signals renewed optimism around the Adani conglomerate, highlighting its resilience in the face of one of the most high-profile corporate battles in recent years.