How to trade
Adani Group stocks post Q3 results

Adani Group:
Hindenburg effect

The Adani Group stock rout started after US-based short seller Hindenburg Research published a report on the Adani Group on January 24, 2023

Adani Group:
Hindenburg effect

The Hindenburg report claimed that the Adani Group engaged in “accounting fraud, stock manipulation and money laundering” over the course of decades. Adani Group denied the allegations

Shares of Adani Total Gas tanked the most 72% to Rs 1078.85 from Rs 3,885.45 during the same period, followed by Adani Green Energy (down 67.5%), Adani Transmission (down 63%), Adani Power (down 49%), Adani Enterprises (down 48%), Adani Wilmar (down 31%), Ambuja Cements (down 31%), NDTV (down 30.5%), Adani Ports and SEZ (down 25%) and ACC (down 21%)

Adani Group stocks:
Carnage on D-Street

"The biggest issue the group would be facing now and going forward would be fundraising. Growth will now depend on fundraising and I think it will be postponed for at least by 18-24 months," said independent market analyst Ambareesh Baliga

Adani Group stocks:
What's next?

"I don’t think anyone is questioning the business of the Adani Group. Once the issue gets sorted out, they will come back on track but it will take a while. Most of the stocks are still quite expensive," said Ambareesh Baliga

Adani Group stocks price

Centrum believes Adani Ports’ portfolio comprises robust cash-generating assets with scalable infrastructure and long concession periods. It has a target price of Rs 900 per share

Centrum Broking on
Adani Ports share

Credit Suisse on Adani
Ports stock

Credit Suisse upgraded the Adani Ports stock to Outperform from Neutral with a target of Rs 825 on attractive valuations and a strong earnings growth outlook

Axis Securities on
ACC stock

Axis Securities has a ‘Buy’ call on ACC with a target price of Rs 2,450. However, it has reduced its estimates for FY24 and FY25 owing to a delay in capacity expansion and the temporary shutdown of the plant in Himachal Pradesh

KRChoksey on Adani
Wilmar stock

KRChoksey said Adani Wilmar may perform well because of strong and sustainable volume growth. It expects Adani Wilmar to benefit from the recent uptick in demand

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


Surf Excel is now a $1-billion brand: Here's all you need to know about HUL's iconic detergent

Story by: Tanya Aneja
Designed by: Pragati

Next Visual Story 

Click Here

Next: 6 Smallcap Stocks Where HNIs Upped Stakes By Over 10% In Q3