Categories: Business

Adani group stocks rise up to 13%, add Rs 96,000 crore to market cap; what’s driving the rally?

Adani Group stocks surged up to 13% after Gautam Adani sought dismissal of a US SEC civil case, citing no credible evidence of bribery. Lawyers argued the alleged actions were extraterritorial and took place in India. This, along with a positive outlook for Adani Green Energy, boosted investor sentiment.

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