Adani Enterprises Ltd., the flagship of Asia’s richest man Gautam Adani, is back to where it stood just before the conglomerate’s crisis began more than three years ago: the best-performing stock on India’s equity benchmark.
The shares have surged 34% so far in 2026, putting the company on track to end the year as the top gainer on the NSE Nifty 50 Index. It last held that spot at the end of 2022, weeks before Hindenburg Research’s short-seller report in January 2023 sparked a selloff that wiped more than $150 billion off the power-to-ports group’s market value at one point.
