Adani Group Stocks Rally as Bombay HC Clears Gautam Adani

On Tuesday, March 18, all Adani Group stocks saw gains after the Bombay High Court dismissed charges against Adani Enterprises’ Chairman, Gautam Adani, and MD, Rajesh Adani. The case involved alleged stock market violations amounting to ₹388 crore.

The court ruled that there was no evidence of cheating or criminal conspiracy. It stated that claims of wrongful gains must be accompanied by proof of wrongful loss or deception of a specific victim, which was not established in this case.

This ruling provides relief to the Adani Group, which has faced regulatory scrutiny over the years. The allegations date back to 2012 when the Serious Fraud Investigation Office (SFIO) filed a chargesheet against Adani Enterprises and its promoters. With the court dismissing the case, the charges are now nullified.

Adani Group Stocks Gain After Verdict

Investor sentiment improved after the ruling, leading to a rise in all Adani Group stocks. The positive market response reflected renewed confidence in the conglomerate’s legal standing.

As of March 18, 2025, 09:57 AM, Adani Group Stocks Performance:

• Adani Enterprises, the flagship company, gained 1.24% to an intraday high of ₹2,280.
• Adani Ports and SEZ share price rose 1% to ₹1,149.
• Adani Power share price climbed 1.1% to ₹516.45.
• Adani Energy Solutions share price increased 1.5% to ₹807.25.
• Adani Green Energy share price surged 1.7% to ₹911.70.

Other Adani Group companies also recorded gains:

• Adani Total Gas share price rose 1.2% to ₹610.30.
• NDTV share price gained 1.7% to ₹116.
• Ambuja Cements share price climbed 1.5% to ₹498.05.
• ACC share price advanced 1.1% to ₹1,903.35.

Conclusion

The Bombay High Court’s decision in favour of Gautam Adani and Rajesh Adani has removed legal uncertainty surrounding the group. This has strengthened investor confidence, driving up Adani Group stocks across sectors.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.