All Adani stocks opened higher on Monday after the BJP-led Mahayuti alliance swept Maharashtra assembly elections, rising as much as 7 per cent at the opening tick.

The surge comes amid the Adani Group's clarification on reports concerning Kenya's cancellation of deals worth over $2.5 billion following a US indictment on bribery charges

In a relief for investors, the shares of Adani Group firms extended their recovery on Monday, with gains of up to 6 per cent. Large-cap stocks such as Adani Enterprises and Adani Ports and Special Economic Zone rose by 4 per cent and 5 per cent,

On November 25, the group released its H1FY25 (first half of fiscal year 2025) and trailing twelve months (TTM) financial results. The group reported a 17 per cent year-on-year increase in trailing twelve-month EBITDA.