Adani Group shares surged with Adani Power leading at Rs 599.90 following the closure announcement of US investment firm Hindenburg Research. Hindenburg had earlier published damaging reports affecting Gautam Adani's business interests.

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.

Shares of Adani Power surges 9.21%, Adani Green Energy soars 8.86%, Adani Enterprises rose 7.72% while Adani Total Gas jumps 7.10 per cent on the BSE in early trade on January 16

Adani group stocks, including Adani Power, Adani Green Energy, Adani Energy Solutions, Adani Ports, and Adani Enterprises, rallied on the Dalal Street on Thursday, January 16. Is the shutting down of Hindenburg Research gave a boost?

In a social media post on 'X', formerly Twitter, Hindenburg Research Founder Nate Anderson said that he had made the decision to disband Hindenburg Research

With a goodbye to Hindenburg, here are 5 infamous crashes that its research report had caused. Regarding the reason behind disbanding, Anderson in his note said, There is not one specific thing-no particular threat,

Hindenburg Research, the US-based short-selling firm, launched a targeted campaign against the Gautam Adani-led conglomerate in early 2023, publishing scathing reports that erased billions off the group's market value.

Adani Group stocks surged on January 16 after the disbandment of Hindenburg Research, which had previously caused significant financial losses to Gautam Adani's business interests. Adani Green Energy stock led with an 8.

Hindenburg Research, the US-based short-selling firm that gained global attention for its report on the Adani Group, is set to cease operations, according to a statement by its founder, Nate Anderson,