Mon Dec 02 04:10:00 UTC 2024: ## Adani Green Energy Stock Soars After Strong Week, Chairman Addresses US DOJ Inquiry

**MUMBAI, INDIA** – Adani Green Energy Ltd. shares experienced a significant surge on Monday, jumping nine percent in early trading to reach ₹1,445 per share on the Bombay Stock Exchange (BSE). This marks the stock’s best single-day performance in nearly a year, adding to an already impressive 27 percent climb over the past 12 months. The surge follows a particularly strong week, which saw a 45 percent increase and the stock hitting its 20 percent upper circuit limit on Friday.

The positive market movement comes amidst a legal challenge from the US Department of Justice concerning compliance practices at Adani Green Energy. Addressing the matter on Saturday, Adani Group Chairman Gautam Adani described the allegations as a challenge the group has faced before, stating that such obstacles only serve to strengthen the company.

Other Adani Group stocks also saw gains in early trading, with Adani Energy Solutions up 1.7 percent and Adani Power trading over two percent higher.

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