Adani Enterprises recovers losses, stock triples, set to join S&P BSE Sensex Index following Hindenburg Research report.
Adani Enterprises, the flagship firm of billionaire Gautam Adani's conglomerate, has recovered all losses incurred after a scathing short-seller report by Hindenburg Research in early 2023. The company's stock has nearly tripled since its nadir in February 2023, and analysts expect Adani Enterprises' stock to be included in the benchmark S&P BSE Sensex Index in June, potentially bringing passive flows. Other Adani Group stocks are also trading above pre-Hindenburg report levels.
May 24, 2024
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