New Delhi, May 5, 2025 – Adani Group stocks surged on Monday, with Adani Total Gas leading the charge by soaring 11.01% on the BSE, fueled by reports that Gautam Adani’s representatives met US administration officials to seek dismissal of criminal charges in a bribery probe. The conglomerate’s combined market valuation swelled by ₹13.33 lakh crore, reflecting renewed investor confidence. Adani Enterprises (6.96%), Adani Green Energy (6.61%), Adani Ports (6.29%), and Adani Power (5.96%) also posted strong gains, while NDTV (4.74%) and Adani Energy (3.30%) followed suit.

The rally comes amid efforts to address a November 2024 US indictment alleging that Gautam Adani, his nephew Sagar, and executive Vneet Jaain paid bribes to secure Indian solar contracts while misleading US investors. Adani Group has consistently denied these claims, calling them baseless. A recent independent review by Adani Green Energy found no regulatory violations, bolstering the group’s defense. “We remain committed to transparency and compliance,” an Adani spokesperson said, reinforcing their intent to pursue legal recourse.

Market sentiment was further lifted by a broader equity upswing, with the BSE Sensex climbing 294.85 points to 80,796.84 and the NSE Nifty rising 114.45 points to 24,461.15. Analysts noted that the Adani stocks’ intraday peaks—Adani Total Gas hit 14.12% and Adani Power 11.31%—reflected optimism about a potential resolution. “The market sees these talks as a step toward clarity,” said financial analyst Priya Malhotra. However, some caution persists due to the ongoing US probe’s implications.

For investors, the surge offers relief after months of volatility triggered by the US charges. As Adani Group navigates this high-stakes legal battle, Monday’s rally underscores its resilience and the market’s faith in its growth trajectory, even as global scrutiny lingers.