Shares of Adani Group companies traded mixed to lower in early Thursday morning trade on the National Stock Exchange, giving back some of the sharp gains recorded in the previous session after developments in the US Securities and Exchange Commission case against group chairman Gautam Adani and his nephew Sagar Adani triggered a broad-based rally on Wednesday.
Adani Total Gas was the steepest loser in early trade, falling 1.55 per cent to ₹550.35, while Ambuja Cements declined 2.85 per cent to ₹434 and ACC slipped 1.75 per cent to ₹1,386.30. Adani Enterprises shed 0.38 per cent to ₹2,036, and Adani Energy Solutions was down 0.59 per cent to ₹1,067. Adani Green Energy, Wednesday’s star performer, was broadly flat, edging up just 0.18 per cent to ₹1,031.50, while Adani Power held steady with a marginal gain of 0.14 per cent to ₹169.54. NDTV bucked the trend, trading 1.17 per cent higher at ₹74.97.
The mild correction follows a strong Wednesday session in which Adani group stocks surged between 3.6 and 13 per cent after the US District Court for the Eastern District of New York agreed to a pre-motion conference following a request by the Adani defendants to dismiss the SEC’s civil complaint. Adani Green Energy had closed nearly 12 per cent higher on Wednesday, with Adani Total Gas up 13.3 per cent and Adani Enterprises rising 8.7 per cent.
The legal development that drove Wednesday’s move centres on a letter filed on April 7 by lawyers representing Gautam Adani and Sagar Adani, indicating their intent to seek dismissal of the SEC complaint by April 30. The court subsequently granted the request for a pre-motion conference. The defendants’ grounds for dismissal include lack of personal jurisdiction, the extraterritorial nature of the SEC’s claims, and the absence of any investor losses — the bonds in question having matured with full repayment of principal and interest in 2024.
The SEC had in November 2024 alleged that Gautam Adani, Sagar Adani and others were part of a bribery scheme exceeding $250 million to secure solar energy contracts in India, and that related disclosures were omitted from bond offering documents targeting US investors. The defendants have denied all allegations. Adani Green Energy has separately clarified it is not a party to the proceedings.
Separately, the Adani Group on Wednesday announced investments of ₹33,081 crore across three projects in Odisha, covering a thermal power plant, a cement unit, and a data centre, expected to generate approximately 9,700 jobs.
Published on April 9, 2026