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.
hindenburg report on adani group
January 2023
Adani Total Gas, Adani Transmission fall up to 20% despite group's 413-page response
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.
Ambuja Cement, ACC, shares down up to 17% after Hindenburg report on Adani Group
Hindenburg Research accused the Gautam Adani-led conglomerate of "pulling the largest con in corporate history."
Hindenburg effect: 7 Adani group stocks lose ₹86,000 cr in m-cap today
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.
