Adani Group shares experienced a remarkable 20% surge in the first trading session after the Supreme Court reserved its order on investigating the group companies based on allegations from US short-seller Hindenburg Research. This surge, among the sharpest since Hindenburg’s report release, added Rs 1 lakh crore to the market capitalization of Adani’s 10 listed firms. The combined market valuation reached Rs 11.31 lakh crore on Tuesday. Investor sentiment improved as the court emphasized not assuming the accuracy of Hindenburg’s report. Analysts suggest caution due to potential profit booking, even as investors anticipate a clean chit from Sebi, potentially ending the allegations and restoring confidence.