Adani stocks surged as Hindenburg Research closed operations, citing completed investigations, boosting optimism despite regulatory scrutiny.

Adani Power rose the most among all the other companies of the group by as much as 9.2% or close to ₹600 per share

Adani Group shares surged with Adani Power leading at Rs 599.90 following the closure announcement of US investment firm Hindenburg Research. Hindenbu

Shares of Adani Power surged 9.21 per cent, Adani Green Energy soared 8.86 per cent and Adani Enterprises climbed 7.72 per cent.

Over the years, Hindenburg Research acquired a reputation of publishing scathing reports targeting big companies and billionaires

The markets, especially the Adani Group company shares, have woken up to some interesting developments on Thursday, January 16. Earlier in the day, Hindenburg Research, a US-based short-selling activist group has announced its disbandment.

Hindenburg Research, the short seller that had targeted several business groups in the past, is going to be disbanded, its founder Nate Anderson has said.

Adani group stocks rallied on Thursday after Hindenburg Research, which had launched a campaign against the group, announced its closure. Adani Power surged over 9%, Adani Green Energy gained 8.86%, and Adani Enterprises climbed 7.

Activist short seller Nathan Anderson, famous for his campaigns against Adani Group, Super Micro and Nikola, is shutting down his firm Hindenburg Research seven years after he founded it. “The plan has been to wind up after we finished the pipeline of ideas we were working on,

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,