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Adani Stocks Recover as Hindenburg Research Closes – What’s Next?
Adani Stocks Recover as Hindenburg Research Closes – What’s Next?
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Several Adani stocks experienced significant gains following the announcement of Hindenburg Research's closure. market sources indicate that the firm's shutdown led to approximately 20% increases in various stocks. Notably, Adani Enterprises saw a substantial rise, opening at Rs 2,500, up from Rs 2,388.15 the previous day. Other group companies, such as Adani Power, also saw similar upticks. This recovery comes after Hindenburg Research, which had previously criticized the Adani Group, ceased operations. The market's reaction highlights the impact of Hindenburg's activities on Adani's stock performance.
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