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Adani Green Energy Share Price Hits New High, Fueling 3-Day Rally for Adani Group Stocks and Adani Energy Solutions Among Top Gainers

The rally in group stocks has reached an all-time high for the third consecutive day, as the shares soared by up to 14% on Friday. Among the leading performers are Adani Green Energy Ltd, which increased by 14% in early trading, and Adani Energy Solutions Ltd, whose stocks went up by 12%. These increases have followed key observations made by the Supreme Court about the SEBI probe on the Adani Group that improved investor sentiment.

Shares in other Adani companies gained as well. Adani Total Gas shares increased by 5%, while Adani Power grew by the same amount. Adani Enterprises, Adani Ports and Special Economic Zone, and Adani Wilmar gained up to 3%. NDTV gained 5%, Ambuja Cements and ACC Ltd added 3%.

This rally is a sign of the high level of support the group is getting in the market despite recent controversies. The group had denied allegations of bribery against the chairman, Gautam Adani, and top officials in the United States; the clarification given was convincing to markets.

Investor support has been another significant factor in this positive momentum. International Holding Company, Abu Dhabi, one of the major shareholders, has recently reconfirmed its commitment to the Adani Group in the wake of recent allegations. This follows similar statements from stakeholders such as the Sri Lankan Port Authority and Tanzanian authorities.

This further added to optimism; corporate developments were also involved. The company Adani Green Energy announced the incorporation of a new subsidiary, Adani Hydro Energy One Limited, to widen the renewable portfolio. Also, Adani Airport Holdings Ltd, a unit of Adani Enterprises, sealed the acquisition of a 74% stake in Cococart Ventures, through which the group further enhanced its commitment to growth and innovation.

The Adani Group's stock has seen a decent rise lately, as investors regaining confidence have renewed their focus on expansion even in adversity. This year, the group also had strong developments in energy, infrastructure, and renewables.