Adani Enterprises to Adani Power: Adani Group stocks jump after US DoJ drops fraud charges against Gautam Adani
New Delhi, May 19 -- Shares of Adani Group stocks, including Adani Enterprises and Adani Ports and more, rose between 1% and 3.5% on Tuesday, 19 May, after the Trump administration moved to dismiss criminal fraud charges against billionaire industrialist Gautam Adani in the United States, easing a major legal uncertainty surrounding the conglomerate.
Adani Green Energy surged 3.5% to Rs.1,417, while Adani Total Gas advanced 3.3% to Rs.630.40. Moreover, Adani Group's flagship company, Adani Enterprises, jumped over 3% to Rs.2,774.50. Adani Energy Solutions and Adani Power added 2.5% each, whereas Adani Ports was up 1%.
The relief came after the US Department of Justice filed a request in court seeking dismissal of criminal charges that h...
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