Adani Group stocks saw a significant rise on Thursday after Hindenburg Research, the US company that caused major losses for Gautam Adani, was shut down. Companies like Adani Power and

Nate Anderson, the man behind Hindenburg Research, announced that he was shutting down the controversial investment research firm. Started in 2017, the company earned notoriety in 2023 when it accused

Hindenburg Research published a report alleging financial irregularities within the Adani Group, leading to a massive decline in the conglomerate's market valuation.

Hindenburg Research, known for its impactful investigative reports, announced its closure following the completion of their projects. Founder Nathan A

The markets, especially the Adani Group company shares, have woken up to some interesting developments on Thursday, January 16. Earlier in the day, Hindenburg Research, a US-based short-selling activist group has announced its disbandment.

Hindenburg Research, the short seller that had targeted several business groups in the past, is going to be disbanded, its founder Nate Anderson has said.

Adani Group shares surged with Adani Power leading at Rs 599.90 following the closure announcement of US investment firm Hindenburg Research. Hindenbu

Shares of Adani Power surged 9.21 per cent, Adani Green Energy soared 8.86 per cent and Adani Enterprises climbed 7.72 per cent.

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.