Tuesday saw a dramatic increase in Adani Group stock prices following a story from Bloomberg stating that a US agency had determined that the charges against the Guatam Adani-led company were unfounded. The news agency's report, which quoted US authorities, caused the Adani stocks to rise.

A top US official reportedly told Bloomberg that Hindenburg Research's charges of corporate fraud against Indian billionaire Gautam Adani were unimportant to the US government. This choice was made prior to authorising a $553 million maximum extension for the container terminal project his conglomerate was planning in Sri Lanka.

During the course of its due diligence research into the Adani Group, the International Development Finance Corp (DFC) concentrated on the grave allegations included in a negative study published by Hindenburg Research, a US-based organisation.

According to an agency official, the US government scrutinised the Hindenburg Research study, which had erased about $100 billion from the Adani Group's market capitalization in January 2023. During the day, the Adani Group's entire market capitalization exceeded Rs 12.5 lakh billion due to the increase in its equities.

The Adani Group's flagship company's total market capitalization crossed the Rs 3 lakh crore mark once more. The stock has increased by roughly 160% from its 52-week lows. On Monday, Adani Ports and Special Economic Zone Ltd. broke new 52-week highs at Rs 924.80, rising more than 5% to command a total market capitalization of more than Rs 2 lakh crore early in the session. The stock has increased by 135 % from its 52-week lows. Adani Green Energy Ltd. increased by roughly 7% to Rs 1,198, bringing its total market capitalization more than to Rs 1.9 lakh crore for the day.

In the early going, Adani Total Gas shares increased by almost 5% to Rs 764.90, with a valuation close to Rs 85,000 crore overall.

With a combined market valuation of about Rs 1.05 lakh crore and Rs 1.85 lakh crore, respectively, Adani Energy Solutions Ltd and Adani Power Ltd increased 4% to Rs 938.10 and Rs 484.05, respectively. In the early trading on Tuesday, Adani Wilmar gained almost 3% to Rs 357, giving it a market capitalization of Rs 47,500 crore.

Ambuja Cements, one of the purchased companies, increased by more than 5% to Rs 499.95, while another cement manufacturer from the Adani group saw a 3% increase to Rs 2088.50 early in the trading day.