India's Adani Green Energy rose about 8% on Monday and recouped all stock losses related to U.S. indictment of group's billionaire founder Gautam Adani over an alleged $265 million bribery scheme.

Adani Green Energy Ltd. is at the heart of allegations of USD 265 million bribes allegedly being paid to Indian officials to secure solar power sale contracts that could bring in USD 2 billion of profits over 20 years to the firm.

Inox Green Energy's shares surge 16% after selling Aliento Wind Energy, with subsidiary no longer part of company.

The rise in shares marked the fourth consecutive session of gains for the stock, which has climbed an impressive 60.66% in just four trading days.

Adani Green Energy share price gained up to 9% in morning trades on Monday. Adding to gains in last 3 sessions the the stock is up almost 50% in last 4 sessions. Whats driving the stock that is up almost 50% in last 4 sessions,

The strong listing of NTPC Green (CMP: Rs 127, Market capitalisation: Rs 107688 Crore, Stock Rating: Overweight) hasn’t energised the stock of the parent company as much. As against the IPO price of Rs 102, the NTPC Green stock is trading at 125 a share.

Shares of Adani Green Energy soared 20.64 per cent last week but are down 17.88 per cent for the past one-month period.