Adani Enterprises Surges 34% to Lead Nifty 50
· Business · Economic Times
Adani Enterprises shares rose 34% in 2026, putting the company on track to be the top gainer on the NSE Nifty 50. The rally follows a 2023 sell‑off that had wiped more than $150 billion from the conglomerate’s market value after a Hindenburg short‑seller report. New inflows from The Capital Group, Goldman Sachs, and SBI Funds, along with Morgan Stanley’s overweight rating, have restored investor confidence. The company’s infrastructure businesses – ports, airports, power – and its data‑center joint venture, which secured an $800 million loan, are positioned as a proxy for India’s long‑term growth. A US District judge’s dismissal of securities‑fraud charges and MSCI’s free‑float adjustments further lifted the stock, while Gautam Adani’s return to the Asia‑richest list underscores the revival.
Why it matters
The rebounding stock strengthens confidence in India’s infrastructure sector, boosts the Nifty 50 valuation, and repositions Adani Enterprises as a key driver of India’s long‑term growth narrative.
Read the original report — Economic Times
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