Adani group stocks surge as US short-seller Hindenburg shuts
Adani group stocks surged as news of Hindenburg Research's closure emerged, alongside positive developments in the Israel-Hamas conflict, increasing market capitalization by Rs 28,000 crore. Notably, NDTV rose 10%, Ambuja Cements 4%, and Adani Enterprises 1.7%. However, Adani Wilmar continued to decline. Despite the boost, the group's market value remains significantly below its peak following Hindenburg’s damning report in January 2023.
Adani group stocks surged as news of Hindenburg Research's closure emerged, alongside positive developments in the Israel-Hamas conflict, increasing market capitalization by Rs 28,000 crore. Notably, NDTV rose 10%, Ambuja Cements 4%, and Adani Enterprises 1.7%. However, Adani Wilmar continued to decline. Despite the boost, the group's market value remains significantly below its peak following Hindenburg’s damning report in January 2023.
