On Tuesday, three Adani stocks shot up 20% each to hit their upper circuit limits - Adani Green Energy Ltd (₹1,348.50), Adani Energy Solutions Ltd (₹1,084.40) and Adani Total Gas Ltd (₹878.70). The group's market cap neared ₹14 lakh crore on Tuesday. While that is a fair bit away from the ₹19.2 lakh crore market cap of January 24, just before Hindenburg hit, the group has still recovered a large chunk of the ₹12.5-lakh crore fall in market cap it had suffered.
In the two trading sessions since the Bharatiya Janata Party (BJP) clinched thumping victories in three state polls, Adani stocks have now contributed 30% to the ₹8.79 trillion addition in investor wealth.
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