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Adani Stocks Rally: There is a festive atmosphere in the stocks of Adani Group today. American short seller Hindenburg Research became a thorn in the side of Adani Group. 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 on Thursday, January 16, 2025, a strong rise is being seen in the shares of listed companies of Adani Group. Shares of Adani Power, Adani Green Energy and Adani Enterprises are trading with a rise of up to 8 percent.
Adani Group stocks are celebrating
Adani Group stocks include Adani Power 7.8 per cent, Adani Green Energy 7.8 per cent, Adani Green Energy Solutions 5.18 per cent, ACC 3.47 per cent, Adani Enterprises 5.78 per cent, Adani Ports and SEZ 4.29 per cent, Adani Total Gas 5.21 per cent, Ambuja Cement 4.01 per cent. Percent, Sanghi Industries 2.92 It is trading with a rise of 100 per cent. There is a slight decline in the shares of Adani Wilmar only.
Serious allegations were made against Adani Group
Hindenburg Research had issued a report against Adani Group in January 2023, accusing it of market manipulation and accounting fraud. Hindenburg had also shorted Adani stocks. After this, there was a sharp decline in the shares of the group and the market capitalization came down from around Rs 20 lakh crore to around Rs 7.50 lakh crore.
Nate Anderson closes Hindenburg Research
Hindenburg Research shared a personal note from founder Nate Anderson in a post on its social media platform X. In this note, Nate Anderson said, I shared with family, friends and our team late last year that I have decided to dissolve Hindenburg Research. The idea was to spin off the company after completing its pipeline of investigative ideas, Anderson said. Hindenburg Research recently completed its last projects related to Ponzi schemes, bringing its activities to a halt.
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