Shares of all Adani Group companies surged on Wednesday, led by Adani Total Gas and Adani Power, which rose nearly 20%, recovering from the previous day’s declines.

Adani Total Gas jumped 19.76%, while Adani Power climbed 19.66%. Other group stocks also saw strong gains: Adani Enterprises surged 11.56%, Adani Energy Solutions rose 10%, and Adani Green Energy gained 10% on the BSE.

Shares of NDTV jumped 9.35%, Adani Wilmar rallied 8.46%, and Adani Ports rose 6.29%. Other notable gainers included Sanghi Industries (up 4.73%), Ambuja Cements (up 4.40%), and ACC (up 4.16%).

Several stocks, including Adani Power, Adani Energy Solutions, Adani Green Energy, and Adani Total Gas, hit their upper circuit limits during the session.

Also Read: ‘Gautam Adani And Top Executives Cleared of Bribery Charges By US DOJ’, Claims AGEL

The market capitalization of the Adani Group firms increased nearly Rs 1.2 lakh crore in a day.
This followed a weaker day on Tuesday, when all Adani group shares closed lower, with Adani Green Energy falling 7%.

Meanwhile, the broader equity market saw gains, with the BSE Sensex rising 230.02 points (0.29%) to end at 80,234.08, and the NSE Nifty advancing 80.40 points (0.33%) to close at 24,274.90.

Adani Group has a total of 11 listed companies—spread across energy and power sectors, transport and logistics sectors and metal and material sectors.

On Wednesday, the narrative reversed after renowned lawyers including Mukul Rohatgi and Ram Jethmalani clarified that there are no ‘Bribery’ charges against Adani group or any of its officials, leading to a complete change of narrative.