Adani Group stocks fall amid allegation by US research firm
Written by - Fisdom Research
January 27, 2023 3 minutes
Daily Snippets Date: 27th January 2023
The Markets Today in a nutshell
SENSEX 59,331 (-1.45%)▼
NIFTY 17,604 (-1.61%)▼
Domestic stock market ended on a negative note.
Market sentiments were negative. Shares of Adani Group companies continued to witness steep selling pressure for second trading session after US-based Hindenburg Research LLC said it shorted Adani Group companies due to brazen market manipulation and accounting fraud.
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👉 Adani Group stocks fall amid allegation by US research firm Adani Group stocks fell 20 percent after the US-based investment research firm Hindenburg Research made damaging allegations. Adani Group on Thursday said it is examining legal options to take “punitive action” against Hindenburg Research for its “reckless” attempt to sabotage a mega share sale at the conglomerate’s flagship firm – a statement that the US activist investor responded by saying it stands by its report that alleged “brazen” market manipulation and accounting fraud by the group.
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