Adani stocks surge on Jefferies growth outlook

Adani group stocks jumped on Friday following a bullish outlook from brokerage firm Jefferies. Adani Total Gas led gains with a surge exceeding 12%, while Adani Energy Solutions, Adani Green, Adani Power and Adani Ports all advanced on the back of positive commentary.

Jefferies highlighted growth potential across the conglomerate's energy, ports and power businesses, with analyst targets suggesting up to 53% upside in some holdings. The ratings fuelled investor optimism in the sector.