Gautam Adani (Gonzalo Lanzilotta for Benzinga)

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Shares of the Adani Group were rocketing on Tuesday morning as media reports suggested that the US government looked into the allegations of corporate fraud before approving a hefty loan of up to $553 million for a Sri Lankan container terminal project.

Adani Group Stocks Continue Strong Recovery: What&#39;s Going On?

Gautam Adani, Picture courtesy DGIM studio by Shutterstock and Chirag200201 by Wikimedia Commons

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he surge comes as the Supreme Court last week concluded hearings on multiple petitions seeking an investigation into allegations of accounting fraud and stock manipulation.

Why Adani Group Stocks Are On The Moon Today

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Shares of ACC have remained under pressure this year along with other Adani Group stocks after the Hindenburg report came out. Analysts at Axis Securities and ICICI Securities see the stock making a strong comeback. 

This Adani Stock Has Slumped 22% This Year, But Analysts See 30% Rally Ahead

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Shares of ACC jumped in the green on Thursday afternoon even as all other Adani Group stocks were down in the red.

Why ACC Shares Jumped Back In The Green Even As Other Adani Group Stocks Continue To Struggle

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Shares of ACC rose to an early high of ₹2016.90 apiece before dropping off on Thursday.

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