Adani Group stocks surged over 5% after Hindenburg Research announced its disbandment on January 16, 2025.
Adani Enterprises opened at Rs 2,500, rising 3.15% to Rs 2,463.45, showing strong market confidence.
Nathan Anderson announced Hindenburg's closure in a note, citing the intense nature of work affecting his personal life.
Adani Power shares showed impressive gains, surging 4.60% to reach Rs 574.75 per share.
Adani Green Energy saw one of the biggest rises, jumping 5.87% to Rs 1,095.80 per share.
Multiple Adani Group companies, including Adani Ports, Energy Solutions, and Total Gas, gained over 4% each.
The announcement comes after Hindenburg's 2023 report that caused a $100 billion sell-off in Adani shares.
Anderson started Hindenburg in 2017 and claims nearly 100 people were charged by regulators due to their work.
A Republican Congressman recently requested DOJ to preserve documents related to Adani investigations.
The Adani Group denied all allegations of improper use of offshore tax havens mentioned in Hindenburg's report.