New Delhi, Oct. 2 -- While September saw stocks fluctuate widely, most Adani Group stocks recorded double-digit gains, making it the best month in the recent past for the conglomerate, as a series of positive developments lifted sentiment and drove several group stocks to multi-month highs.

Investor confidence in the group improved after SEBI gave the conglomerate a clean chit in the Hindenburg case, helping Adani stocks emerge as top performers during a period otherwise marked by heightened volatility.

Adani Power emerged as the top performer among group companies, rallying 20.41% to a 3-month high, its biggest monthly gain since May 2024. The stock has been trading on an ex-split basis in a 1:5 ratio since September 22.

Adani Energy ...