Adani group stocks jump after Sebi clears Hindenburg claims
Adani Group stocks surged following SEBI's dismissal of Hindenburg Research's allegations of stock manipulation. All nine Adani-listed firms opened higher, led by Adani Total Gas. Morgan Stanley's optimistic coverage of Adani Power, projecting significant capacity and EBITDA growth, further fueled the rally. Sebi's probe found no evidence of fund routing or disclosure breaches.
Adani Group stocks surged following SEBI's dismissal of Hindenburg Research's allegations of stock manipulation. All nine Adani-listed firms opened higher, led by Adani Total Gas. Morgan Stanley's optimistic coverage of Adani Power, projecting significant capacity and EBITDA growth, further fueled the rally. Sebi's probe found no evidence of fund routing or disclosure breaches.
