Analysts unanimously prefer Adani Ports & Special Economic Zone stock for long-term investment, followed by Ambuja Cement. In conversations with ET Now, at least 3 analysts praised Adani Ports for its development prospects and solid fundamentals. Adani Wilmar and ACC were two more outstanding companies in the Adani basket.

On Monday, Adani group stocks added about Rs 80,000 crore to the aggregate market cap of its ten listed firms, according to the Supreme Court-appointed expert committee's report, which stated that no regulatory fault on the side of Adani group companies could be concluded.

In connection with the Hindenburg case, the committee submitted its report to the Supreme Court on Friday. According to the committee, Sebi has "drawn a blank" in its investigation into possible irregularities in money flows from offshore organizations into the company.

Adani Enterprises, the main company of billionaire businessman Gautam Adani, ended the day up 19%, making Monday's performance the greatest by Adani Group equities since the Hindenburg report was published in January.

Adani Enterprises rose 19% to Rs 2,338.55, while Adani Wilmar, the conglomerate's edible oil subsidiary, rose roughly 10% to Rs 444.30. Adani's remaining eight stocks - Adani Ports, Ambuja Cements, ACC, Adani Power, Adani Transmission, Adani Green, Adani Total Gas, and NDTV - all gained at least 5%.

In the stock market, if there are no negatives, it is a plus, said Deven Choksey, Founder and Promoter of KRChoksey Holdings, in response to a query on whether the stocks moved higher than anticipated following the release of the committee's expert report. The beta impact is always stronger in the case of Adani group equities, he noted, explaining the recent rise.

According to him, Ambuja Cements and Adani Ports and Special Economic Zone have "quite good" income and cash generation consistency and visibility.

His counsel to investors is to be wary. He stated that the Adani enterprises have performed well on fundamentals, which gives him confidence. While values have been corrected, further drops from the present level will allow for entry.

The KRChoksey analyst also advises investors to be cautious. He stated that the continuing inquiry by the Securities and Exchange Board of India (Sebi) is essential for Adani's stock prospects.

According to Choksey, no major domestic investor has placed a bet on Adani equities, and only Foreign Institutional Investors (FPIs) have shown investing interest.

Meanwhile, industry expert Sudip Bandyopadhyay stated that many Adani companies are fundamentally extremely solid and generate fantastic business. He described Adani Ports as a "fantastic company" whose future is tied to the Indian economy. Despite a big surge, Intraday Capital's Chairman believes Adani Ports is a good long-term investment.

Bandyopadhyay also has bullish on Ambuja Cements and ACC, saying that with solid foundations, investors can look to buy it with a 1-2 year horizon. He also picked Adani Wilmar from the FMCG play with a long-term perspective. Sudeep Shah, Deputy Vice President, Head of Technical & Derivatives Research (Equity & Currency) at SBI Securities, also lauded the rally in Adani Group stocks