Adani Group Stocks Surge: Adani Total Zooms 11% - PTI

New Delhi, May 5 (PTI) All listed Adani group stocks ended sharply higher on Monday amid reports that Gautam Adani's representatives met with US administration officials to seek the dismissal of criminal charges in a bribery probe.

The stock of Adani Total Gas zoomed 11.01 per cent, Adani Enterprises jumped 6.96 per cent, Adani Green Energy rallied 6.61 per cent, Adani Ports surged 6.29 per cent and Adani Power climbed 5.96 per cent on the BSE.

Shares of NDTV advanced 4.74 per cent, Adani Energy went up by 3.30 per cent, AWL Agri Business Ltd (1.99 per cent), Ambuja Cements (1.76 per cent), ACC (1.04 per cent) and Sanghi Industries (0.72 per cent).

The combined market valuation of all Adani group firms surged by Rs 13.33 lakh crore.


During the intra-day trade, Adani Total Gas jumped 14.12 per cent, while Adani Power surged 11.31 per cent.

In the equity market, the 30-share BSE benchmark climbed 294.85 points or 0.37 per cent to settle at 80,796.84, extending its previous day's rally. The NSE Nifty rose by 114.45 points or 0.47 per cent to 24,461.15.

In November last year, US authorities charged Adani, his nephew and executive director Sagar Adani and managing director Vneet S Jaain for being involved in an alleged scheme to pay bribes to Indian government officials to win solar energy contracts, and concealed the plan as they sought to raise money from US investors.

Adani Green Energy late last month said an independent review of its regulatory compliances related to an alleged breach that led to the indictment of founder chairman Gautam Adani and two company executives in a US court, did not find irregularities or non-compliances on the issue.

Adani Group had previously denied all allegations as baseless.