Shares of Adani Power Ltd surged 20% on Monday, September 22, after the stock began trading on an adjusted basis following its first-ever share split. Adani Power had announced in June that it would split one equity share of ₹10 face value into five shares of ₹2 each. Adani Total Gas gained 17.5% to ₹765, Adani Green Energy rose 8.15% to ₹1,114, and Adani Energy Solutions, Adani Enterprises, Adani Ports & SEZ, ACC, Ambuja Cements and Adani Wilmar advanced between 1% and 7%. Outlook for Adani sharesCopy link to sectionThe clean regulatory outcome removes a major overhang on Adani Group companies, which had faced sharp volatility since Hindenburg’s January 2023 report. With brokerages such as Morgan Stanley and Jefferies backing Adani Power, Adani Green, and Adani Enterprises, investor sentiment has strengthened.