Adani Vs Hindenburg: Adani Shares Lose Rs 5.6 Lakh Crore In M-cap; Here's The Story So Far

Hindenburg Report

Hindenburg Research, an investment research firm with a focus on activist short-selling, published a damning report on the Adani Group

Who Is Hindenburg
Research Founder
Nathan Anderson?

Hindenburg Research was founded by Nathan Anderson. He took a consulting job with a financial software company called FactSet and then at broker-dealer firms in Washington DC and New York, as per his profile published in Financial Times in June 2021

Hindenburg Research
Report On Adani Group

As per Hindenburg report, seven listed Adani Group stocks have an 85% downside potential because of sky-high valuations. It claimed that it had identified 38 Mauritius shell entities controlled by Vinod Adani or close associates

Adani Group Deny

In an over 400-page response, the Adani Group called all the allegations by Hindenburg Research "unsubstantiated" and "misleading"

Adani Group on
Hindenburg Report

Adani Group accused Hindenburg Research of not doing proper research and “copy-pasting” from the company disclosures

Listed Adani stocks

Adani Power, Adani Total Gas, Adani Wilmar, Adani Green, Adani Transmission, Adani Ports, Adani Enterprises, Ambuja Cements, ACC and NDTV are the 10 listed Adani Group stocks on Dalal Street

Adani Shares:
Carnage on D-Street

Retail investors and high net-worth individuals have lost over Rs 12,500 crore in the Adani group of companies amid a brutal sell-off from January 24, 2023, to January 30, 2023

Sell-off in Adani
Group Stock

Adani Group has lost more than Rs 5.6 lakh crore m-cap in a span of just four trading sessions. The total m-cap of the group tanked to Rs 13.6 lakh crore on January 31, 2023, from Rs 19.20 lakh crore as on January 24, 2023

Adani Stock: Should
You Buy? 

“If you are a long-term investor and looking to invest in Adani group stocks at present, I would suggest you avoid them right now and wait for the dust to settle down. We don’t have any position in Adani stocks," said Abhishek Basumallick, Chief Equity Advisor, Intelsense


The stock mentioned in the story is for information purposes only. Investors or market participants should consult their financial advisors before taking any position

Gautam Adani Out of Top 10 Richest List, Hindenburg Report Effect And More

Story by: Tanya Aneja
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