The International Development Finance Corporation (DFC), reportedly termed Hindenburg's allegations against the Gautam Adani-led ports-to-energy conglomerate as 'irrelevant.'
Adani group stocks, which have maintained an uptrend since last week following the Supreme Court's concluded hearings of the Adani-Hindenburg case, surged between 6-14% intraday.
Adani Total Gas shares touched its 20% upper circuit limit, while Adani Energy Solutions, Adani Power, Adani Enterprises, NDTV, Adani Green rose between 10-19%.
The combined market capitalisation of Adani Group stocks touched ₹11.29 lakh crore on Monday, hitting six months high amid recent investments by Rajiv Jain-led GQG Partners.