Adani Group Stocks Surge on SEBI Relief and Brokerage Upgrades; Adani Power Leads with 19% Jump
Adani Group shares came under heavy pressure after a report published in 2023. There were allegations of share manipulation, secret transactions and debt management. At that time, the group's market value fell drastically and panic spread among investors.
Recent Decisions of the Regulatory Body
Recently, the Markets Regulatory Authority of India declared some of the allegations baseless. This is restoring investor confidence. However, some allegations are still pending, so new decisions may be made in the future.
Market Reaction
After this announcement, the total market value of Adani Group increased by several thousand crores of rupees in a single day.
Shares of several companies including Adani Enterprises, Adani Power, Adani Green Energy, Adani Total Gas have seen a big rise.
In particular, Adani Power shares have gained the most and the company has announced a share split (in the ratio of 1:5). As a result, the shares will be more accessible to retail investors.
New Projects and Plans
- Adani Enterprises has taken up a new ropeway project, which will involve an investment of several thousand crores of rupees.
- The company has secured new contracts in the power and energy sectors.
- New coal mining projects have also started, which will increase its source of income in the long term.
Future Prospects
According to various analyses, the shares of Adani Enterprises and Adani Green Energy may increase further in the coming days.
The prospects are also bright in the case of Adani Power, as the company is on track to complete its power projects and contracts on time.
Risks and Warnings
- Some complaints are still pending, so the risks are not completely over.
- The total debt of the group is quite high, which may create pressure in the future.
- Although the share split is beneficial for investors, the actual performance will depend on the profitability of the company and the implementation of the project.
Overall, Adani Group's shares have regained momentum and investor confidence is returning. However, the entire situation has not yet stabilized completely.