Adani Ports shares rise to 5.3% to an intra-day high of Rs 1,334.30 at the National Stock Exchange. The surge in the trade rate came after representatives of his agencies met officers from the US President Donald Trump’s management to are searching for dismissal of the legal fees against Gautam Adani in a foreign places bribery probe.
The talks received momentum in recent weeks. They started earlier this year and could yield a decision in the coming months or so if the trade persists.
Adani Ports shares Surges today
The stock rate of Adani Total Gas rose the high to upward thrust the various lists of Adani Group stocks after information. It was up 8.6% at Rs 657.45 at the National Stock Exchange. The flagship company Adani Enterprises’ share price was up 6% at Rs 2431.90.
The case is going back to an allegation made that Adani Green Energy bribed Indian authorities officers to win beneficial solar power orders. In November 2024, the DoJ (Department of Justice) indicted Gautam Adani and his nephew, Sagar Adani, alleging that they misled US traders about the duration of fundraises there.
Following the allegations, in December, Adani kept away from a $500 million loan with the US International Development Finance company to finance a port terminal project in Colombo.
Q4 results of company
Apart from the officers of the agency meeting the Trump management, the Adani Ports shares soar of 48% year-on-year in its revenues to Rs 3,014 crore in Q4FY25, as compared with revenues of Rs 2,040 crore in the same period a year ago. The general earnings accelerated to Rs 8,769.63 crore from Rs 7,199.94 crore in the final area of FY25. The company’s revenue from operations elevated 23% to Rs 8,488 crore in the Q4FY25, as towards Rs 6,897 crore post in the same area a year ago.
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