Hindenburg Research Shuts Down: Adani Group Stocks Soar After Nate Anderson’s Exit
Hindenburg Research, a pre-eminent U.S.-based short-seller firm, shut operations on January 16, 2025, when Nate Anderson Hindenburg, the company founder ceased activist short-selling. It came two years after a devastating report by the German firm Hindenburg Research that accused Adani of market manipulation.
The shares of all ten companies of the Adani group went up in the early hours after the Hindenburg news of the shutdown. Adani Green Energy was the prominent gainer, going up 6% higher on the previous closing, followed by a 4% rise in Adani Ports and 4.3% in Adani Power stocks. In total, Adani Group companies’ shares rose roughly by 7% after the news was released.
The closure now brings to an end the Hindenburg Adani story which was one of the biggest market narratives of 2023. The Hindenburg report on the Adani Group that was released six weeks before had brought massive losses to Adani’s market value, yet Adani Group has been able to regain almost half of it.
Analysts said that while investors seemed more confident in Adani stocks after its revelations that Hindenburg was closing. The development is positive for the Adani Group meaning that the group has now come to the end of one of the most troubled eras of its operation.
Also Read | Saif Ali Khan Injured in Knife Attack | Latest Update on His Health
Related Posts
