![Ambuja Cements, ACC shares zoom amid selloff in other Adani stocks](https://images.assettype.com/fortuneindia%2F2022-09%2F69570af0-a88d-4b8a-a4b5-aad2bbe61f2d%2FAmbuja_Cement_Giant.jpg?rect=0,524,3050,1525&w=300&q=95)
Ambuja Cements, ACC shares zoom amid selloff in other Adani stocks
Ambuja Cements surged as much as 9.7% to hit an intra-day high of ₹426 apiece on the Bombay Stock Exchange.
Ambuja Cements surged as much as 9.7% to hit an intra-day high of ₹426 apiece on the Bombay Stock Exchange.
Last week, Hindenburg Research in a 106-page report accused the Gautam Adani-led conglomerate of indulging in fraud, stock market manipulation, and money laundering.
Hindenburg Research accused the Gautam Adani-led conglomerate of "pulling the largest con in corporate history."
Biggest losers in the ₹16.9 lakh crore conglomerate were Adani Transmission, Adani Total Gas, and Adani Port, which eroded a cumulative m-cap of ₹61,500 crore.