What's the story

Adani Group stocks have been in the limelight after the Securities and Exchange Board of India (SEBI) cleared all allegations leveled by Hindenburg Research in January 2023. The development has boosted investor confidence, triggering a relief rally that has outperformed the broader market. On September 22, SEBI gave a clean chit to Adani Ports & Special Economic Zone Ltd and Adani Power Ltd, confirming they did not breach any regulations as claimed by US-based short-seller Hindenburg.

Investment advice

Prabhudas Lilladher sees potential in Adani Green

In light of SEBI's clean chit, analysts have suggested keeping an eye on Adani Green stock. Shiju Kuthupalakkal from Prabhudas Lilladher said that technically, "Adani Green looks well placed," with a breakout witnessed

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