Rama Krishna Sangem
Adani stocks, Hindenburg news:Adani group stocks were ruling higher in stock market trade on Thursday, January 16, 2025. Adani group stocks surged up to 9 per cent intraday after short-selling firm Hindenburg Research, infamous for its report against the group, said it has wound up its operations.
In an earlier story on Excel India today, we called the news of shut down of Hindenburg Research is a good news to Adani and it proved right!
On the bourses, Adani Power share price surged 9.2 per cent (Rs 599.9 per share), Adani Green Energy share price leaped 8.8 per cent (Rs 1,126.8 per share), Adani Enterprises share price 7.7 per cent intraday (Rs 2,569.85 per share), Adani Total Gas share price 7.1 per cent (Rs 708.45 per share), Adani Energy Solutions share price 6.6 per cent (Rs 832 per share), and Adani Ports share price 5.4 per cent (Rs 1,190).
Besides, Ambuja Cements share price gained 4.5 per cent (Rs 542.9 per share), ACC share price 4.1 per cent (Rs 2,054 per share), and NDTV share price 7 per cent to Rs 157.9 per share. By comparison, the BSE Sensex today was seen holding gains, trading 0.4 per cent higher at 9:45 AM.
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.
Ideas finished
“The plan has been to wind up after we finished the pipeline of ideas we were working on. And, as of the last Ponzi cases, we just completed and are sharing with regulators,” Anderson announced in a blog post shared on X.
He further said that there was no one specific thing, no particular threat, no health issue, and no big personal issue behind the decision.
“Someone once told me that at a certain point, a successful career becomes a selfish act. Early on, I felt I needed to prove some things to myself. I have, now, finally found some comfort with myself, probably for the first time in my life,” Anderson explained.
I probably could have had it all along had I let myself, but I needed to put myself through a bit of hell first. The intensity and focus have come at the cost of missing a lot of the rest of the world and the people I care about. I, now, view Hindenburg as a chapter in my life, not a central thing that defines me, he added.
