Hindenburg effect fading away? Gautam Adani richer by $8.5 billion in just 1 day!

Following the release of the Supreme Court-led panel's investigation report, Gautam Adani's net worth reached $55 billion and he now ranks 24th on Forbes' list of wealthiest people. Adani Group stocks rose over 13%, bringing its flagship company shares up by 159% from their 52-week low hit after Hindenburg's report. The apex court gave two more months to the market regulator SEBI for investigating the matter. The second booster shot for Adani stocks came from GQG Partners with 10% raised stake in the group. Other Adani group stocks have recovered 38-125% from their 52-week lows.

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