Adani Group stocks rise:Adani Group stocks rise: Adani Group shares rallied on Friday, a day after the Securities and Exchange Board of India (Sebi) dismissed allegations of stock manipulation levelled by US short-seller Hindenburg Research.All nine Adani-listed firms opened higher, with Adani Total Gas emerging as the top gainer, soaring 13.27%. Adani Energy Solutions jumped 5.53%, while Adani Green Energy advanced 5.45% on the BSE.The conglomerate’s flagship, Adani Enterprises, climbed 5.23%, followed by NDTV at 4.98%, Adani Ports at 2.80%, Sanghi Industries at 2.62%, ACC at 1.64%, and Ambuja Cements at 1.33%.Adani Power surged almost 9% at one point, buoyed not just by Sebi’s clean chit but also by fresh optimism from Morgan Stanley. The brokerage initiated coverage with an “Overweight” rating and a price target of Rs 818, implying a 30% upside.It projected Adani Power’s capacity to grow 2.5 times and EBITDA to triple by FY33, noting that the company has resolved key regulatory hurdles and strengthened its balance sheet.“We forecast its market share to reach 15 per cent by F32e with a 41.9GW portfolio (2.5x vs F25). APL has seen favourable resolution of most regulatory issues and has a strong balance sheet,” the report added.Earlier on Thursday in its order, Sebi said it found no evidence that Adani firms routed funds through related parties or breached disclosure norms.“Sebi has reaffirmed what we have always maintained, that the Hindenburg claims were baseless. Transparency and integrity have always defined the Adani Group,” Gautam Adani, chairman of Adani Group, said on social media platform X.The market regulator launched its probe in 2023 after Hindenburg accused the group of using offshore tax havens and hiding related-party transactions, allegations that at the time wiped $150 billion off Adani’s market value.While most Adani stocks have since rebounded, Sebi still has 22 related orders under review.(With input from agencies)