WELCOME TO FRENDZ4M
Fri, Feb 21, 2025, 01:42:52 AM

Current System Time:

Get updatesShare this pageSearch
Telegram | Facebook | Twitter | Instagram Share on Facebook | Tweet Us | WhatsApp | Telegram
 

Forum Main>>General Talk>>News>>

Adani Group shares rally after short-seller Hindenburg Research closes

Page: 1   
Mr.Love ™User is offline now
PM [1]
Rank : Helper
Status : Super Owner

#1

Adani group stocks rallied on Thursday morning after Hindenburg Research, a US investment research firm known for short-selling, and whose reports resulted in wiping out billions of dollars of Indian billionaire Gautam Adani and his companies, has been shut down.


Shares of Adani Power surged 9.21 per cent, Adani Green Energy soared 8.86 per cent, Adani Enterprises climbed 7.72 per cent, Adani Total Gas jumped 7.10 per cent, News Agency rallied 7 per cent and Adani Energy Solutions advanced 6.63 per cent on the BSE.


The stock of Adani Ports climbed 5.48 per cent, Ambuja Cements jumped 4.55 per cent, ACC shot-up by 4.14 per cent, Sanghi Industries (3.74 per cent) and Adani Wilmar (0.54 per cent).


Hindenburg Research has been shut down, its founder Nate Anderson announced Wednesday.


"As I've shared with family, friends and our team since late last year, I have made the decision to disband Hindenburg Research. The plan has been to wind up after we finished the pipeline of ideas we were working on. And as of the last Ponzi cases we just completed and are sharing with regulators, that day is today,” Anderson announced.


In the last few years, Hindenburg Research had launched a campaign against the Adani group. Its reports published since 2023 had resulted in billions of dollars of loss for the Indian billionaire. All the charges were denied by Adani and his companies.


Anderson did not give a specific reason for disbanding his organization, which is less than a week before the end of the four-year term of the Biden Administration and the swearing-in of Donald Trump as the 47th President of the United States on January 20.
(Except for the headline, this story has not been edited by News Agency staff and is published from a syndicated feed.)

Reply
You are not logged in, please

Login

Page: 1   

Jump To Page:

Keywords:shares, seller, hindenburg, research, closes, stocks, rallied, thursday, morning, investment, selling, reports, resulted, wiping, billions, dollars, indian,
Related threads:

A car accident that was not and 3 bodies: 'suicide' mystery shocks Kolkata


The tractor driver manufacturing 'reels' arrives at the bicycle, kills class 10 student in Noida


How an 'accident' led to the discovery of 3 bodies in Kolkata


"Exaggerated reports": Bangladsh's border force minimizes attacks against minorities


Online challenge did it go wrong? The Brazilian boy injects butterfly remains, dies


CT 2025: La octava tonelada de Gill, 5 de Shami Light Up's Win vs Bangladesh


Sonia Gandhi admitted to the hospital, which will probably be discharged tomorrow: Report


CT 2025 Live: Shami, Gill Guide India for an easy 6 WICKET victory over Bangladesh


Walk to school, class 10 heart attack student in Telangana


In the first meeting, the Delhi Oks Cabinet Health scheme, the presentation of audit reports


TERMS & CONDITIONS | DMCA POLICY | PRIVACY POLICY
Home | Top | Official Blog | Tools | Contact | Sitemap | Feed
Page generated in 0.4 microseconds
FRENDZ4M © 2025