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    ADANIENT — Adani Enterprises News Story

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    India's Adani Enterprises set to be top Nifty gainer as US drops fraud charges; strong EBITDA boosts sentiment

    Picture of Adani Enterprises logoAdani Enterprises
    29/05/2026 09:35
    BUZZ-India's Adani Enterprises set to be top Nifty gainer as US drops fraud charges; strong EBITDA boosts sentiment
    ** Shares of Adani Enterprises ADEL.NS on track to be top Nifty gainer for May; rising 23% to 2,960 rupees
    ** Set for ninth straight weekly gains, longest winning streak since September 2022
    ** Nifty 50 .NSEI index gains 0.24% over the week
    ** Adani Group's flagship co extends rally after Trump administration moved to dismiss criminal fraud charges against billionaire Gautam Adani, removing a major legal overhang
    ** Removal of the legal overhang is a positive and could support debt refinancing and fundraising for new projects, says Deven Choksey, managing director at DRChoksey FinServ
    ** Jefferies ("Buy"; PT: 2,800 rupees) highlighted co's March-qtr EBITDA was stronger YoY driven by its airports, copper and new industries business
    ** Shares of key Adani group stocks rise between 8.9% and 24.3% during May
    ** YTD, ADEL up 31.2% vs Nifty 50 down 9%

     (Reporting by Mridula Kumar in Bengaluru)
     ((Mridula.Kumar@thomsonreuters.com;))

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