Adani stocks zoom up to 20% after group issues clarification on US bribery allegations

Shares of Adani Group companies surged by up to 20% on the NSE on Wednesday following a clarification issued by Adani Green Energy (AGEL).

The company stated that Gautam Adani, Sagar Adani, and senior executive Vneet Jaain were cleared of all bribery charges by the US Department of Justice, though it acknowledged the existence of three charges in the indictment.

Among the top gainers were Adani Total Gasand Adani Power, both surging 20%.

Adani Green Energy shares rose 10%, closing at Rs 988.40, while Adani Energy Solutions jumped 10% to Rs 660.80.

Shares of Adani Enterprises increased by 11%, reaching Rs 2,399, and Adani Ports advanced 5.9%. Meanwhile, Adani Wilmar settled 8% higher.

ACC and Ambuja Cement also saw gains, rising over 4% each, while NDTV surged by 9%.