Shares of Adani Group companies surged sharply in Wednesday’s trade, jumping as much as 14%, following the release of their September 2025 quarter (Q2 FY26) results. The rally came just days after the group’s flagship firms posted solid earnings and renewed investor confidence amid positive regulatory and investment developments.
Adani Stocks Surge After Earnings Announcements
Stocks of major Adani Group companies were buzzing throughout the session. Adani Green Energy rose 11.48% to ₹1,119.50, peaking at 14% intraday, while Adani Total Gas gained 5.39% to ₹654.50. Adani Ports & SEZ climbed 2.66% to ₹1,456, Adani Power edged 1% higher to ₹164.06, Adani Enterprises rose 2.77% to ₹2,563.40, and Adani Energy Solutions was up 5.73% to ₹974 on the NSE.
LIC Controversy and Clarification
The rally followed days after The Washington Post alleged government influence over LIC’s investment decisions in Adani companies. However, on October 26, LIC dismissed the report as “false and baseless,” asserting that all investments were made independently under board-approved policies with detailed due diligence.
A PTI report also revealed that foreign insurers like Athene Insurance and Apollo Global Management have made major investments in Adani Group entities, including ₹6,650 crore ($750 million) in Mumbai International Airport and ₹250 million in Adani Green Energy from global lenders such as DBS Bank, DZ Bank, and Rabobank.
SEBI Clean Chit Boosts Investor Confidence
In September 2025, SEBI gave the Adani Group a major relief by clearing Gautam Adani and his companies of all stock manipulation allegations made by US-based short-seller Hindenburg Research. SEBI stated that after detailed investigations, the allegations of insider trading and violation of shareholding norms were unsubstantiated.
Massive Port Investments Announced
Adding to the momentum, Adani Ports and SEZ (APSEZ) announced two mega investments this week. On October 28, the group revealed plans to invest ₹53,000 crore in Vadhavan Port, near Mumbai, through two MoUs with the Jawaharlal Nehru Port Authority — ₹26,500 crore each for offshore and container terminal development.
Just a day earlier, on October 27, the group also committed ₹42,500 crore towards the expansion of Dighi Port in Maharashtra’s Konkan region, signing an MoU with the Maharashtra Government. Chief Minister Devendra Fadnavis confirmed that this investment was part of ₹56,000 crore worth of projects signed during India Maritime Week.
Outlook
With SEBI’s clean chit, strong Q2 performance, and large-scale infrastructure commitments exceeding ₹95,500 crore, investor sentiment around Gautam Adani-led conglomerate has turned decisively positive. Analysts expect Adani Group stocks to remain in focus in the near term as global and domestic institutional confidence continues to strengthen.
