Companies

A year since Hindenburg firestorm, where do Adani stocks stand?

Nandita Venkatesan 1 min read 25 Jan 2024, 07:48 PM IST

The market value of all Adani group listed shares remain below the pre-Hindenburg peak of over ₹19 trillion, but has seen a sharp recovery from the ₹5.8 trillion it had dropped to.

Summary

Most of the port-to-cement conglomerate’s stocks are yet to fully recover from Hindenburg report setback. Share prices of six of the nine group companies are trailing the prices they saw before the release of the report.

A year since the release of Hindenburg Research’s report set off a firestorm and a political slugfest for the Adani group, most of the port-to-cement conglomerate’s stocks are yet to fully recover from this setback. Share prices of five of the nine key group companies are trailing the prices they saw before the release of the report. These include parent company Adani Enterprises, Adani Total Gas, Adani Energy, Adani Green and NDTV. Adani Enterprises’ stock hit its highest point since the release of the report this month.