Hindenburg effect: After the Hindenburg cannonball, the Adani group has a ball in its stomach. Investors are upset seeing the decline in their shares, so when will this decline stop?
When will it end at half past seven?
New Delhi : nervous gautam adani (Gautam Adani) and Adani Group (Adani Group) The news of Hadare is being discussed loudly for the last one week. Since last week, similar news is being bombarded on your mobile screen, TV, laptop, desktop screen. Some call it an international conspiracy and some see it through the prism of nationalism. but the investor (investor) And Dasturkhudani himself is worried about the losses. The speed with which the shares of Adani Group are falling. So unless Adani group is given a master stroke soon, the collapse cannot be stopped. Adani Group cancels EFO while maintaining ethics. but in the market (Share Market) He still hasn’t found a solution for panic attacks. For the last ten days, Adani Group has also come under the grip of this storm.
After the report of Hindenburg, an American research institute, there was a tsunami in the stock market. Adani Group is in trouble. The decline in the shares of Adani Group is not stopping. Hence the market capitalization of the group (M-Cap) It has started declining continuously. The Adani group has suffered a loss of Rs 9 lakh crore in the last seven days’ trading session.
The Hindenburg Report became public on 24 January 2023. The report accused the Adani Group of fraud and irregularities. Then there was an earthquake in the market regarding Adani Group. The opposition accused the central government of supporting the Adani group.
Adani Group was shaken in all these developments. Investors’ confidence in the group was shaken. The market capitalization of Adani Group as on 24 January 2023 was Rs 19.2 lakh crore. There has been a decrease of 10 lakh crores in the last ten days. This shows how hard it was hit.
Adani Power (22.5%), Adani Total Gas (51%), Adani Wilmar (23%), Adani Green (40%), Adani Transmission (37%), Adani Ports (35%), Adani Enterprises (38%), Ambuja Cements (33%), ACC (21%) and NDTV (17%) hold a total of 10 listed shares of Adani Group. The stock fell 50 percent after the Hindenburg Report.
A report on this was published in Business Today. Accordingly, the opinion of Anuj Jain, Head of Research, Green Portfolio, was sought. He said that Adani Group has always overestimated. The antics of Adani Group were also continuously questioned.
According to Jain, stocks of Adani Enterprises, Adani Transmission, Adani Green Energy and Adani Total Gas are trading at 3-digit PEs despite continuous fall. Adani Group has been continuously accused of overvaluation.
According to some experts, Adani Group itself will have to give a concrete explanation for this. Given the ambiguity of the management and the allegation of the Hindenburg Report, the group could ride out the storm if they set a policy. Attention can be drawn to any emotional point. But since the investor is cautious, he cannot fall into this trap.
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