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Trust deficit? Why most Adani Group firms are yet to rebound even a year after Hindenburg report.

Trust deficit? Why most Adani Group firms are yet to rebound even a year after Hindenburg report.
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Gautam Adani, founder and chairman, Adani Group.

Synopsis

Most Adani Group companies are yet to fully recover from the damage done by the Hindenburg Research report. While their financials have improved during this period, investors seem to be cautious as valuations still look stretched.

By
7 mins read, Last Updated:
A year after Hindenburg Research dropped a bomb, five out of seven Adani Group companies are still trading below their closing prices as on January 23 — the day before the US short seller released a scathing research report on the Indian conglomerate. Only Adani Ports and SEZ and Adani Power have managed to shrug off the impact of the report that alleged manipulation in stock prices besides claiming that Adani Group companies were overvalued by
( Originally published on Jan 24, 2024 )

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