Adani Group Stocks Rally After Regulator Clears Hindenburg Allegations
Adani Group stocks surged between 1% and 9.6% on Friday, marking a sharp rebound after India's markets regulator dismissed Hindenburg Research's allegations of stock manipulation. The short-seller's report had previously rattled investor confidence, but the regulatory clearance has reignited bullish sentiment.
Adani Power led the rally with a 9.6% gain, while flagship firm Adani Enterprises ROSE 4.4%. The broad-based recovery signals renewed institutional trust in Gautam Adani's conglomerate, though lingering volatility suggests some traders remain cautious.