Bharat Express DD Free Dish

Adani Group

The Adani Group’s market capitalisation soared by ₹1.25 lakh crore on Wednesday after a US Department of Justice (DoJ) indictment cleared its officials of bribery charges.

Adani Group companies led the rally, boosting overall market sentiment.

The Indian stock market opened flat on Wednesday, with gains in the auto and IT sectors and positive movement in the Adani Group.

Gautam Adani’s conglomerate has highlighted its strong cash flows and profitability, ensuring growth without heavy reliance on external debt.

The Adani Group has reported strong growth for H1 FY25, posting a 25.5% increase in EBITDA, adjusted for one-time prior period incomes.

Criminal lawyer Vijay Aggarwal weighed in on the charges against Adani. He believes the indictment is unlikely to lead to any major consequences

After a major sell-off earlier in the week, Adani Group stocks, led by Ambuja Cements and ACC Ltd, rebounded strongly on Friday.

The Adani Group has rejected recent bribery allegations from the US DOJ and SEC, calling them baseless and unfounded.

On Wednesday, Gautam Adani announced that the company will invest $10 billion in US energy security and infrastructure projects.

On Tuesday, Adani Enterprises Ltd (AEL) reported a 6.6 times increase in net profit, reaching Rs 1,741 crore for Q2 FY25.