Adani Stocks Jump as SEBI Dismisses Hindenburg Allegations

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India’s central bank is telling banks to slash fees on “everyday” services - think debit cards, late-payments, and minimum-balance penalties. It’s pushing for changes especially where charges hit low-income customers hardest, though it hasn’t fixed exact fee caps yet. For banks, that could mean trimming a lucrative income stream; for people, especially those just about getting by, it could bring genuine relief.

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IMPACT NEWS

Adani Group Stocks Rally as SEBI Clears the Air on Hindenburg Allegations

Adani Group shares soared on Thursday, with some stocks jumping as much as 8.4%, after India’s market regulator SEBI dismissed key parts of the explosive allegations made by U.S.-based short seller Hindenburg Research. The ruling marks a significant turning point for the conglomerate, which has spent nearly two years under the cloud of accusations ranging from stock manipulation to governance lapses.

Adani Total Gas emerged as the biggest gainer in the group, while flagship Adani Enterprises also rallied strongly. Adding fuel to the momentum, Morgan Stanley initiated coverage on Adani Power with an “overweight” rating, calling it well-positioned to benefit from India’s growing electricity demand.

The SEBI decision is being viewed as a clean slate for the ports-to-power conglomerate, led by billionaire Gautam Adani. Since Hindenburg’s January 2023 report, the group had seen nearly $150 billion in market value wiped out, forcing it to scale back expansion plans and work on debt reduction strategies.

MARKETS

Markets turned cautious on today, with Sensex slipping 388 points and Nifty shedding 97 points as profit-booking, weak global cues, and rising volatility weighed on sentiment. Banking, IT, and financial stocks led the decline, reflecting investor caution after a recent rally. However, Adani Group shares bucked the trend, surging up to 9% after SEBI dismissed parts of the Hindenburg allegations, sparking renewed investor confidence. Overall, the day marked a pause in the market’s upward momentum, with traders eyeing global signals and upcoming policy cues for direction.
_{Closing figures as on 19.09.25 (3.30pm IST)}

🔎 In Focus

Stock Performance:

Top Gainers

✅ Vodafone Idea (+7.14%): Shares jumped as the Supreme Court deferred the hearing on additional AGR dues and the government hinted at seeking a solution, easing immediate stress concerns. Momentum buyers rushed in, fueling heavy volumes.

✅ Adani Enterprises (+5.08%): Rallied after SEBI dismissed key parts of Hindenburg’s allegations, lifting a long-standing overhang. The verdict restored investor confidence and triggered fresh institutional interest.

✅ Adani Green Energy (+5.29%): Extended gains on the back of the SEBI relief, with investors betting on renewed growth visibility in Adani’s renewable arm. Strong volumes confirmed bullish sentiment.

✅ Adani Energy Solutions (+4.72%): Benefited from the group-wide rally post-SEBI ruling, as risk premium across Adani stocks reduced. The stock also drew attention on reclassification buzz in indices.

Top Losers

🔻 Paytm (-4.24%): Despite a BofA upgrade and higher target price, shares slipped on profit-booking in fintech names. Heavy intraday volumes highlighted investor caution in midcap financials.

🔻 SBI Card (-2.25%): Declined in sync with weakness in financial stocks and profit-taking across the sector. No company-specific trigger, but flows dragged the counter lower.

🔻 Manappuram Finance (-1.97%): Lost ground as NBFCs faced selling pressure after recent outperformance. With no fresh news, traders booked profits in gold-loan names.

🔻 360 ONE WAM (-1.93%): Dropped on a volume spike as midcap churn weighed on sentiment. The wealth manager saw consistent selling into the close, adding to sectoral weakness.

INDIA FRONTIER

Everything else you need to know today

🚀 Elevate: Google just turned Chrome into the AI-powered browser it always hinted at. The update rolls out smart shopping assistants, AI-driven tab management, and stronger security features. Think of it as Chrome finally catching up with the AI hype making browsing less about clicks and more about smart shortcuts.

🔄 Switch: In a bold move, Jefferies’ Chris Wood trimmed his Reliance stake to scoop up Adani stocks. The signal? A shifting conviction in India’s market leaders, and perhaps a fresh spark in the Reliance-Adani rivalry that investors love to track.

⚖️ Clash: Vodafone Idea heads to the Supreme Court on Sept 26, pleading for relief from additional AGR dues. For a telco already walking the tightrope of survival, this case could be the difference between a comeback story - or another crisis headline.

📈 Surge: Redington’s stock jumped 8% as India gears up for the iPhone 17 launch today. The distributor is riding the Apple wave, with investors betting that every new iPhone isn’t just a product drop-it’s a profit engine for India’s supply chain.

SPECIAL

Ashok Leyland Hits Record High as EV Ambitions Fuel Investor Optimism

Ashok Leyland shares surged to a fresh lifetime high of ₹142.65 on Friday, extending their winning streak to the fourth straight session. The stock has already climbed 11% in September and delivered a remarkable 41% gain over the last six months, outperforming broader market indices.

The rally is powered by the company’s bold push into electric mobility and clean energy. Earlier this month, Ashok Leyland announced a ₹5,000 cr investment plan over the next decade to develop next-generation batteries for automotive and energy storage systems. In a major step, it partnered with China’s CALB Group, one of the world’s top EV battery makers, to build a localized supply chain for lithium iron phosphate (LFP) batteries in India. Production is expected to begin by 2027, initially catering to captive demand before scaling to serve passenger vehicles, two- and three-wheelers, and non-automotive sectors.

Brokerages remain upbeat, citing Ashok Leyland’s record Q1FY25 revenues of ₹8,725 crore and robust margins. With the government’s GST rate cut expected to further boost commercial vehicle demand, the company looks well-positioned to ride both electrification and replacement cycles.

THE HANOOMAAN INSTITUTE

5 Steps Middle-Class People Can Take to Climb the Wealth Ladder

For most middle-class families, the dream of financial freedom feels distant. But wealth isn’t built overnight - it’s the result of disciplined, intentional choices. The journey begins with small, consistent steps that compound into long-term financial security.

Step 1: Master Your Spending.
Wealth starts by living below your means. Track expenses, cut unnecessary costs, and redirect savings toward investments. Every dollar not spent is a dollar that can grow.

Step 2: Build an Emergency Fund.
Before chasing returns, secure your foundation. An emergency fund prevents financial shocks from derailing your progress and gives you the confidence to invest consistently.

Step 3: Eliminate High-Interest Debt.
Debt is a wealth killer. Paying off credit cards and personal loans frees up cash flow and accelerates your climb up the financial ladder.

Step 4: Invest for Growth.
Don’t just save - invest. Equities, mutual funds, or retirement accounts build wealth over time through compounding. Starting early magnifies results.

Step 5: Create Additional Income Streams.
Side hustles, freelancing, or small businesses provide extra fuel for wealth creation. More income means more freedom to save and invest.

Climbing the wealth ladder isn’t about luck - it’s about discipline, patience, and smart financial habits. Start with one step today, and watch momentum carry you upward.

SUPERCHARGE YOUR INVESTING SKILLS

STOCK SCREENER TO UP YOUR GAME

CANSLIM for success
by - Evprasadkld

EPS latest quarter > 1.15*EPS preceding year quarter AND
EPS >1.20* EPS last year  AND
EPS last year > EPS preceding year AND
YOY Quarterly sales growth > 17 AND
Profit growth > 17 AND
Sales growth >17 AND
YOY Quarterly profit growth >16 AND
Return on equity >17 AND
Debt to equity < 2 AND
Market Capitalization >100 AND
Down from 52w high < 15

Thanks for reading.

Until Sunday with our Startup Special!

Hanoomaan India Business team

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