Adani Stocks Jump After Hindenburg Research Shut Down
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Adani Stocks are in Focus today after the Hindenburg Research shutdown news. Adani Enterprise Share Jumped by 3%, Adani Power up by 3%, Adani Ports share by 4%, Adani Green Share by 4%, Etc..
US-based short Seller Hindenburg Research has Targeted Several Adani Group companies since the year 2023 and they publish multiple reports about stock manipulation, Fund diversion, and many more.
Hindenburg also claimed that “The Vinod-Adani shells seem to serve several functions, including (1) stock parking/stock manipulation (2) and laundering money through Adani’s private companies onto the listed companies’ balance sheets to maintain the appearance of financial health and solvency”.
But Now the Hindenburg Shop is Closed
Hindenburg Founder Nate Anderson Said, “As I’ve shared with family, friends, and our team since late last year, I have decided to disband Hindenburg Research. The plan has been to wind up after we finished the pipeline of ideas we were working on”.