Mumbai, India | January 23, 2026
Adani Group Shares Sink Amid Regulatory and Earnings Shock
Shares of the Adani Group witnessed sharp selling pressure on Friday, with several group stocks plunging as much as 13%, following reports linked to US regulatory action and weak quarterly earnings from key companies.
The steep decline weighed heavily on broader markets, pushing benchmark indices Sensex and Nifty deep into the red by the close of trade.
🇺🇸 US SEC Summons Sparks Market Jitters
Investor sentiment was rattled by reports suggesting that the U.S. Securities and Exchange Commission (SEC) has sought court approval to issue summons to Gautam Adani and Sagar Adani.
According to reports, the SEC informed a Brooklyn court in New York that it has faced challenges serving summons through Indian authorities and is now seeking permission to deliver notices via email. The case is linked to alleged fraud and a $265 million bribery probe, filed in November 2024, involving accusations of misleading statements and violations of US securities laws related to Adani Green Energy Ltd.
📉 Weak Quarterly Results Add to the Pressure
Alongside regulatory concerns, disappointing financial results from group companies intensified the sell-off.
Adani Green Energy Limited shares crashed 13.20% to close at ₹785 after the company reported a consolidated net profit of just ₹5 crore for the December 2025 quarter—down nearly 99% from ₹474 crore a year earlier.
Adani Energy Solutions Limited posted an 8% decline in net profit to ₹574.06 crore, dragged down by higher expenses. Its shares fell 10.57% to ₹827.20.
📊 Broader Adani Stocks Drag Market Lower
The sell-off extended across the group’s listed entities:
Adani Enterprises: down 9.38% to ₹1,891.60
Adani Power: down 8.84% to ₹128.35
Adani Ports and SEZ: down 7.81% to ₹1,303.35
Adani Total Gas: down 7.55% to ₹507
Other group companies such as Ambuja Cements (-5.98%), NDTV (-5.31%), and ACC (-2.76%) also ended sharply lower.
Under pressure from Adani stocks, the BSE Sensex fell 769.67 points to close at 81,537.70, while the Nifty 50 declined 241.25 points to 25,048.65.
🗣️ What the Adani Group Said
Responding to the developments, the Adani Group firmly denied allegations of bribery and wrongdoing related to solar power contracts. In a statement, a company spokesperson said the accusations by US prosecutors and the SEC against Adani Green directors are “baseless”.
The group reiterated its commitment to regulatory compliance and stated it would pursue all legal remedies available.
🔍 Market Outlook
Friday’s sharp decline has significantly dented investor sentiment. With weak earnings on one side and international legal scrutiny on the other, analysts believe near-term volatility in Adani stocks could persist. Markets will closely watch whether the US court allows summons via email and how the group responds legally in the coming days.
