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?

Reliance Power Vidarbha

Earnings

Adani Power has announced a partnership with Japan&#39;s IHI Corporation and Kowa Corporation for a pilot project that aims to co-fire green ammonia at its Mundra plant. 

Adani Power Joins Forces With Japanese Firms For Ammonia Pilot Project

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

Legal

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

Power Grid

Adani Power&#39;s share price shot up on Thursday afternoon after the company posted its results for the quarter ended September. 

Adani Power Shares Jump 7% As Profit Skyrockets In Q2

Bull bear

At the outset of the year, both stocks&#39; performance was sluggish, with both reaching record lows earlier in the year. The following chart shows that both the energy giants experienced a dip at the start of the year and were on a downtrend up until March before slowly bouncing back up. 

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