All 10 Adani Group stocks continue winning run; Adani Enterprises leads with 13 per cent jump

Adani Wilmar went up by more than 9 per cent


All Adani Group stocks extended their rally for the third day on Tuesday, with Adani Enterprises going up by more than 13 per cent after a Supreme Court-appointed panel, on Friday, found no evidence of stock price manipulation in the group companies while a separate Sebi probe into alleged violation of money flows from offshore entities drew a blank.

Adani Wilmar went up by more than 9 per cent, followed by Adani Green Energy, Adani Power, Adani Total Gas, Adani Transmission and NDTV which rose by five per cent.

However, Adani Ports (0.66 per cent), Ambuja Cement (0.87 per cent) and ACC (0.27 per cent) ended the day with just marginal gains.

All 10 Adani Group stocks have been rallying since Friday.

After the Hindenburg report stirred a political row and triggered a rout in the conglomerate's stocks, dethroning Gautam Adani as the world's third richest man, the Supreme Court had, on March 2, constituted the expert committee to investigate if there was any failure to disclose transactions with related parties and if stock prices were manipulated.

The six-member panel of the apex court, headed by by former Supreme Court judge Justice AM Sapre, in its 173-page report, said that based on the data from Securities and Exchange Board of India (Sebi), it saw "no evident pattern of manipulation" in the steep stock price rise in billionaire Gautam Adani's companies that can be attributed to "any single entity or group of connected entities".

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