There is a festive atmosphere in adani Group stocks. American short seller Hindenburg Research, which became a thorn for the adani Group, has sunk. Short seller Nate Anderson shared the information about the closure of Hindenburg Research in a social media post and with the opening of the stock market in the trading session of Thursday, january 16, 2025, the shares of the listed companies of the adani Group are seeing a strong rally. From adani Power to adani Green Energy and adani Enterprises, shares are trading with a jump of up to 8 percent.
adani Group stocks are celebrating
Among the stocks of adani Group, adani Power stock is trading with a jump of 7.8 percent, adani Green Energy 7.8 percent, adani Green Energy Solutions 5.18 percent, ACC 3.47 percent, adani Enterprises 5.78 percent, adani Ports and SEZ 4.29 percent, adani Total Gas 5.21 percent, Ambuja Cement 4.01 percent, Sanghi industries 2.92 percent. Only adani Wilmar shares are down marginally.
Serious allegations were made against adani Group
Hindenburg Research had issued a report against adani Group in january 2023 alleging market manipulation and accounting fraud. Hindenburg had also shorted adani stocks. After this, the group's shares fell sharply and the market capitalization came down from about Rs 20 lakh crore to around Rs 7.50 lakh crore.
Nate Anderson shuts down Hindenburg Research
Hindenburg Research shared founder Nate Anderson's personal note in its post on its social media platform X. In this note, Nate Anderson said, I had shared with family, friends and our team since the end of last year that I have decided to dissolve Hindenburg Research. Anderson said, the idea was to close the company after completing its pipeline of investigative ideas. Hindenburg Research had recently completed its last projects related to Ponzi schemes, with which its activity has come to a halt.
click and follow Indiaherald WhatsApp channel