Adani Group shares
Adani group stocks: Adani Group shares jumped on Thursday due to the news of the closure of American investment research firm Hindenburg Research. There has been a big rise in the shares of many companies of Adani Group today. Hindenburg Research founder Nathan Anderson has said that he has decided to close the company. Anderson has announced this on social media platform X. Hindenburg released a report on Adani Group in January 2023. In this report, many allegations were made against Adani Group companies. After these allegations, shares of Adani’s companies fell by 80%. When SEBI investigated these allegations, nothing came to light. Due to this, the shares of Adani Group went up again. Now with the news of closure of Hindenburg Research, investors are buying Adani shares heavily.
Shares jumped up to 9%
Adani Power shares rose 9.21 percent on Bombay Stock Exchange in early trade. Adani Green saw a rise of 8.86 percent. A jump of 7.72 percent was seen in Adani Enterprises. Adani Total jumped 7.10 percent. Adani Energy Solutions saw a rise of 6.63 percent. At the same time, NDTV’s shares jumped 7 percent. Apart from this, Adani Ports saw a rise of 5.48 per cent, Ambuja Cement 4.55 per cent, ACC 4.14 per cent, Sanghi Industries 3.74 per cent and Adani Wilmar 0.54 per cent in early trade.
Founder decided to close the company
Hindenburg’s founder wrote, ‘Our plan was to close the company after completing the ideas we were working on, and that day has come today. We shook up some empires that we felt needed to be shaken. Anderson has told about the journey and struggles of the company in his post. The research firm has also faced three lawsuits and financial challenges. Apart from Adani Group, Hindenburg had also published reports on firms like Dorsey’s Block Inc. and Icahn’s Icahn Enterprises.
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