Hindenburg Research Shuts Down: Know How Adani Group Stocks Have Performed After Anderson’s Announcement

Nathan Anderson, the founder of investment research firm Hindenburg Research, announced his decision to disband the firm on Wednesday, January 15. In a personal note shared on the firm’s website, Anderson said that the decision to close the firm was taken last year.

“As I’ve shared with family, friends and our team since late last year, I have made the decision to disband Hindenburg Research. 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, that day is today,” Anderson said.

Why Did Hindenburg Research Disband?

Anderson clarified in his note that the decision to disband the firm was taken without the pressure of a health issue or any other personal issue.

“There is not one specific thing—no particular threat, no health issue, and no big personal issue,” Anderson said.

Anderson added that he has found ‘comfort’ with his own self. He added that the intensity with which he ran the firm came at the cost of missing out on his life.

“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. 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,” Anderson said.

How Adani Group Stocks Reacted To The News

Earlier in November 2024, the firm had alleged that Gautam Adani, the billionaire chairman of the Adani Group was involved in an alleged multibillion-dollar bribery and fraud scheme. Adani along with seven others was indicted by US authorities over alleged bribery related to power supply deals in India. Following the news the shares of Adani Group companies like Adani Energy Solutions, Adani Total Gas, Adani Green Energy, Adani Power, Adani Enterprises, Adani Ports, and Adani Wilmar tumbled up to 20 per cent on November 21.

Following the announcement made by Hindenburg Research on Wednesday, shares of Adani group companies witnessed an uptick gaining up to 15.83 per cent. Here’s a look at how Adani group shares have responded to the news:

ACC

Shares of cement manufacturer ACC Ltd. gained 4.31 per cent to hit an intraday high of Rs. 2054.65 apiece on January 16 on the NSE, the stock closed at Rs. 1,987.9 per share, up by 0.92 per cent. The stock has pared the gains and is currently trading at Rs. 2013.85, up by 1.31 per cent on January 17 at 02:57 PM.

Adani Energy Solutions

Electric power distribution company Adani Energy Solutions Ltd shares gained 6.79 per cent to hit an intraday high of Rs. 833.15 apiece on January 16 on the NSE, the stock closed at Rs. 792.5 per share, up by 1.58 per cent. The stock is currently trading at Rs. 804.4, up by 1.5 per cent on January 17 at 02:57 PM.

Adani Enterprises

Holding company Adani Enterprises Ltd. shares gained 7.61 per cent to hit an intraday high of Rs. 2,570 apiece on January 16 on the NSE, the stock closed at Rs. 2427.85 per share, up by 1.66 per cent. The stock is currently trading at Rs. 2,404.3, down by 0.97 per cent on January 17 at 02:57 PM.

Adani Green Energy

Shares of the renewable energy arm of the conglomerate, Adani Green Energy Ltd. gained 8.88 per cent to hit an intraday high of Rs. 1,127 apiece on January 16 on the NSE. The stock closed at Rs. 1070.25 per share, up by 3.4 per cent. The stock is currently trading at Rs. 1,080.00, up by 0.91 per cent on January 17 at 12:39 PM.

Adani Ports & Special Economic Zone

Private port operator Adani Ports & Special Economic Zone Ltd. stock gained 5.41 per cent to hit an intraday high of Rs. 1,190 apiece on January 16 on the NSE. The stock closed at Rs. 1150.75 per share, up by 1.93 per cent. The stock is currently trading at Rs. 1,166.9, up by 1.4 per cent on January 17 at 02:57 PM.

Adani Power

Adani Power shares rallied 8.9 per cent to hit an intraday high of Rs. 598.4 apiece on January 16 on the NSE. The stock closed at Rs. 563 per share, up by 2.46 per cent. The stock is currently trading at Rs. 558.5, down by 0.8 per cent on January 17 at 12:39 PM.

Adani Total Gas

Shares of Adani Total Gas gained 6.9 per cent to hit an intraday high of Rs 708 apiece on January 16 on the NSE. The stock closed at Rs. 673.35 per share, up by 1.67 per cent. The stock is currently trading at Rs. 676.35, up by 0.45 per cent on January 17 at 02:57 PM.

Adani Wilmar

Adani Wilmar’s stock gained 0.74 per cent to hit an intraday high of Rs. 275.7 apiece on January 16 on the NSE. The stock closed at Rs. 269.85 per share, up by 1.38 per cent. The stock is currently trading at Rs. 270.1, down by 0.09 per cent on January 17 at 02:57 PM.

Ambuja Cements

Ambuja Cement Ltd. shares rallied 4.58 per cent to hit an intraday high of Rs. 543.1 apiece on January 16. The stock closed at Rs. 540.15 apiece, up by 4.01 per cent. Shares of the cement manufacturer are currently trading at Rs. 537 down by 0.58 per cent at 02:57 PM.

NDTV

New Delhi Television (NDTV) Ltd. shares zoomed 15.83 per cent to hit an intraday high of Rs. 170.61 apiece on the NSE on January 16. The stock closed at Rs. 161.82 apiece, up by 9.86 per cent. Shares of the Adani group-owned media company are currently trading at Rs. 160.62 down by 0.74 per cent.