India, Sept. 19 -- Adani Group stocks rose between 1% and 10% today, a day after SEBI cleared the ports-to-mining conglomerate of some allegations levelled by US-based short seller Hindenburg Research.
Adani Total Gas Ltd. led the gains among nine listed firms, rising as much as 19%, while the flagship Adani Enterprises Ltd. increased 4.3% intraday. Adani Power Ltd. rose as much as 7.4%, after Morgan Stanley started coverage of the stock with an "overweight" rating. Adani Ports & SEZ Ltd. rose 2%, while Adani Green Ltd. and Adani Energy Solutions Ltd. rose nearly 4% each.
The Securities and Exchange Board of India has cleared two charges against Adani Group firms, 22 other orders are pending.
There is no evidence that the Adani Group u...
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