Shares of Adani group companies rose after the Supreme Court verdict on the Adani Group-Hindenburg Research case.
Adani Energy Solution Ltd. led gains after the stocks surged over 14%, followed by Adani Total Gas Ltd. which was over 11%. Adani Ports and Special Economic Zone Ltd. and Ambuja Cements Ltd. were at 52-week high.
SEBI restarted investigations into the group this year after U.S.-based short-seller Hindenburg Research raised governance concerns - allegations Adani Group has denied.
Adani Enterprises, Adani Ports, Adani Power, other Adani Group stocks saw gains of up to 7% on Monday after the group promoter firm increased its stake in two of the group’s listed companies. Watch this Visual Story to know more.