Gautam Adani-Hindenburg saga: SBI shares trade volatile. Buy or avoid?4 min read . Updated: 09 Feb 2023, 12:04 PM IST
- Gautam Adani-Hindenburg saga: SBI's loan exposure in Adani group is 0.88 per cent of its total loan book
Gautam Adani-Hindenburg saga: Adani group companies and its leading investor companies Life Insurance Corporation (LIC) and State Bank of India (SBI) have been under scanner after the US-based short seller Hindenburg Research report raised concern over debt-positioning of Indian billionaire Gautam Adani-owned companies. Despite strong Q3 results, SBI share price has remained volatile after Adani-Hindenburg issue. But, after sell off taking pause in Dani group companies on Wednesday session (7 out of 10 Adani group companies ended higher in previous session). This has triggered whether one should go for the quality banking stock like SBI, which has remained highly volatile after the outbreak of Adani-Hindenburg saga.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started