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Adani Power shares extend gains, jump 7% today; here s what analysts say

Adani Power share price: The scrip, which saw a steep fall after US-based short seller Hindenburg Research's attack earlier in February this year, has staged a strong recovery since then. It has rebounded 89.02 per cent in the last six months. That said, it has climbed 8.50 per cent in 2023 so far.

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Gautam Adanis comeback: How the billionaire is rebuilding Adani Group after Hindenburg crisis, trying to strike a balance between growth, capex and deleveraging its debt

Six months after a Hindenburg report led to a meltdown in Adani Group stocks, the conglomerate is trying to strike a balance between growth, capex and deleveraging its debt. Though the challenges still linger, sparked by the Hindenburg report alleging accounting fraud, stock manipulation, and routing of funds through foreign shell companies, all of which the firm has refuted, there is some breathing space. BT Magazine s The Making of Adani 2.0 decodes the recovery.

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