Adani Group’s stock is seeing a rise today i.e. on Thursday after short-seller Hindenburg Research closed down on the back of selling of $ 100 billion worth of Adani Group shares. In early trade itself, strong buying is seen on the counters of Adani Enterprises, Adani Ports & SEZ, Adani Green Energy, Adani Power, Adani Energy Solutions, Adani Total Gas, Adani Wilmar, Ambuja Cement, ACC and NDTV.
Adani Group Stock Performance
On Wednesday, Adani Enterprises shares closed 0.14% higher at Rs 2,385.55, Adani Ports & SEZ closed 0.94% higher at Rs 1,128.15, Adani Power share price closed 1.88% higher at Rs 549.30, while Adani Green Energy share price closed 2.72% higher at Rs 1,035 on the BSE.
Adani Energy Solutions shares rose 1.13% to close at Rs 780.20, Adani Wilmar share price closed 2.45% higher at Rs 273.50, while Adani Total Gas share fell 1.16% to close at Rs 661.45.
Adani shares rise
In today’s morning trade, Adani Enterprises jumped more than 4 per cent and reached Rs 2488.25. Adani Power was trading 5.07 per cent up at Rs 577.30. Adani Green was up nearly 5 per cent at Rs 1086.40 and Adani Ports was also up by 4.75 per cent at Rs 1171.10.
Hindenburg Research had accused Adani Group
Hindenburg Research had issued a report against the Adani Group in January 2023, alleging market manipulation and accounting fraud. Hindenburg had also shorted Adani stocks. After this, the group’s shares fell sharply and the market capitalization came down from around Rs 20 lakh crore to around Rs 7.50 lakh crore.
Nate Anderson shuts down Hindenburg Research
Hindenburg Research shared founder Nate Anderson’s personal note in a post on its social media platform X. In this note, Nate Anderson said, “I had shared with family, friends and our team since the end of last year that I have decided to dissolve Hindenburg Research.” Anderson said, the idea was to shut down the company after completing its pipeline of investigative ideas. Hindenburg Research had recently completed its last projects related to Ponzi schemes, with which its activity has come to a halt.
Struggles as well as achievements
Anderson has tried to sum up the entire journey of his life in this emotional post. He told about his struggle as well as achievements. Recalling his initial struggles, Anderson said, “Initially I did not know whether it would be possible to find a satisfactory way, it was not an easy option, but I could not assess the risk and was attracted to this work very fast.
When I started this I was doubtful whether I was capable of it because I didn’t have traditional experience. None of my relatives are in this field. I went to a government school. I am not a smart salesman. I don’t know the right clothes to wear. I can’t play golf. I am not a superhuman who can work on 4 hours of sleep.”
