Adani group stocks boost investor wealth by Rs 1.83 lakh crore in a week

The Court questioned the market regulator on safeguarding investors from market fluctuations.

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26 Aug, 2025 12:21

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Adani Group stocks extended its gains on December 4 from its rally last week as investors responded positively to court observations, sparking a relief rally, analysts said. Stocks have been rising since last week following the Supreme Court's conclusion of hearings in a lawsuit where market regulator SEBI is investigating extensive allegations of corporate wrongdoing against the conglomerate, analysts added.

On December 4, Adani Enterprises jumped 7 percent, Adani Total Gas gained 4.4 percent, Adani Energy Solutions rose 7.1 percent, Adani Power 5.5 percent, Adani Green Energy 9.4 percent, NDTV was up 3 percent, Adani Wilmar 1.7 percent while, Ambuja Cements 7.3 percent, Adani Ports 6.2 percent, and ACC 6.26 percent.

Gautam Adani now ranks 20th on the Bloomberg Billionaires Index with a $65.8 billion fortune. A stock rally in firms owned by Gautam Adani added $5.6 billion to his net worth last week, according to Bloomberg.

Adani Group saw a wealth surge of over Rs 1.83 lakh crore in last one week. The total mcap of the group was at around Rs 11.96 lakh crore. Since 23 November, Adani Total Gas jumped 39 percent, Adani Energy Solutions gained 26 percent, Adani Power advanced 23 percent, Adani Green Energy 20 percent, NDTV 19 percent, Adani Enterprises 16 percent, Adani Wilmar 10 percent while, Ambuja Cements, Adani Ports and ACC jumped around 9 percent each.

"Adani stocks are surging after SC observation that there is no reason to discredit SEBI findings. SEBI has given clean chit to 22 of the 24 cases to Adani group in market manipulation. In addition, COP28 (& clean energy) themes have been dominating and investors are looking to increase exposure via many Adani stocks. State election results in favour of incumbent government has also helped in market sentiment towards Adani group", said Amit Kumar Gupta - Founder - Fintrekk Capital.

Also Read: Adani stocks rally up to 20%, add $15 bn to MCap after SC reserves probe into Hindenburg charges

The Supreme Court last week reserved judgment on PILs seeking a court-monitored probe into allegations by Hindenburg Research against the Adani group for stock market violations. The Court questioned SEBI on safeguarding investors from market fluctuations. Allegations of inflated share prices caused a significant drop in Adani companies' value, prompting petitions. The Court's intervention stemmed from the stock market's extreme volatility during the hearings.

Optimistic sentiment

Despite the pending court verdict and ongoing regulatory probe posing uncertainty for the conglomerate, investors remain optimistic about the Adani Group's future after the recent earnings.

Listed Adani group companies saw a substantial year-on-year (Y-o-Y) increase in net profit during the first half of 2023-24 (H1FY24), more than doubling to Rs 24,494 crore despite a decline in revenue. These ten firms reported a 92% surge in net profit, while their net sales dropped by 14.4% to Rs 1.50 trillion in H1FY24 as per ACE Equities data. Additionally, the total debt by September 2023 marginally decreased by 1.2% to Rs 2.18 lakh crore compared to FY23's Rs 2.21 lakh crore.

Financial Times recently reported that Indian tycoon Gautam Adani secured a $3.5 billion refinancing package from 10 international banks. Despite prior fraud allegations against his conglomerate, lenders such as Barclays, BNP Paribas, and Deutsche Bank acted as arrangers and bookrunners, with DBS Bank, First Abu Dhabi Bank, Mizuho Bank, and MUFG Bank also underwriting the three-year loan.

Report: Adani-Hindenburg case: SC reserves judgment, CJI indicates at passing directions to SEBI

Recently, Adani Enterprises said it will invest approximately $1.5 billion in its emerging data center business over the next three years. The annual spending for AdaniConnex Pvt, a joint venture with EdgeConnex Inc, is estimated at $500 million for the next three years. The company aims to construct nine data centers, aiming for a total capacity of one gigawatt by 2030 to meet the growing digital services demand in India, attracting major global players such as Amazon and Google.

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