Adani Group stocks extend gains for 2nd day; Adani Power hits 15-month high

Adani Group stocks extend gains in September 22 trade. 

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26 Aug, 2025 12:21

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Shares of Adani Group companies gained for the second straight session on Monday, with Adani Power hitting a 15-month high, following markets regulator Sebi’s order dismissing allegations in the Hindenburg Research case.

Adani Power surged 19.99 percent to its upper circuit limit of Rs 170.15 on the BSE. Adani Total Gas advanced 17.49 percent, Adani Green Energy climbed 8.12 percent and Adani Energy Solutions rose 5.67 percent.

Among other group companies, Adani Enterprises gained 4 percent, NDTV added 3.51 percent, Sanghi Industries increased 3.29 percent, Adani Ports moved up 2 percent, while ACC and Ambuja Cements were higher by 2 percent each.

The rally came after Sebi, in its order on Thursday, said it found no evidence of stock manipulation or related-party misuse as alleged by US-based short seller Hindenburg Research in early 2023. On Friday, Adani group shares had also closed with strong gains, with Adani Power jumping over 12 percent.

Global brokerage Jefferies has reiterated a "buy" rating on Adani Enterprises with a price target of Rs 3,000, implying a 25 percent upside over the last close, according to a Reuters report.

The brokerage said new tariffs across airports operated by the company, excluding Mumbai, are expected to boost earnings, with aero yield per passenger likely to rise 1.5 to 2.5 times by FY2027-28.

Separately, 1.41 million shares of Adani Green Energy and 1.65 million shares of Adani Total Gas changed hands in block deals, Bloomberg reported.

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