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Adani Group Stocks Partially Recover After Initial Plunge Following Fresh Hindenburg Report

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Highlights

Adani Group stocks saw a partial recovery after experiencing a sharp decline in early Monday trading. Shares of Adani Enterprises, Adani Ports, Adani Power, and Adani Energy initially fell by up to 6% following a new report by U.S.-based short-seller Hindenburg Research. The report raised concerns over alleged links between SEBI chief Madhabi Puri Buch and offshore funds connected to the Adani Group. However, as the day progressed, the stocks trimmed losses, trading around 3% down by late morning. The market response highlights the volatility and investor apprehension surrounding the conglomerate amidst ongoing scrutiny.

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Highlights

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