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.