New Delhi, March 18 -- All Adani Group stocks rallied on Tuesday, March 18, after the Bombay High Court dismissed charges against Adani Enterprises' Chairman Gautam Adani and MD Rajesh Adani in a stock market violation case involving Rs.388 crore.

The Bombay High Court, in its ruling on Monday, discharged Gautam Adani and Rajesh Adani from an ongoing case of alleged stock market regulation violations. According to a report by PTI on March 17, the court found no grounds for cheating or criminal conspiracy in the case.

The High Court stated that merely asserting wrongful gains by the accused without demonstrating a corresponding wrongful loss or deception of a specific victim does not meet the criteria for cheating. The verdict brought a ...