Will Hindenburg Research report impact Adani Enterprises FPO?4 min read . Updated: 27 Jan 2023, 01:40 PM IST
- Adani Enterprises FPO: The strategically timed release of the Hindenburg Research report indicate that there was some objective to scare investors, say experts
Adani Enterprises FPO: After short seller Hindenburg Research report raising concern over the debt positions of Adani group companies, Adani stocks have been under huge sell off pressure for the last two days. However, the Adani Group came forward and denied the allegations labelled by the US-based research team but Hindenburg Research counter alleged citing not addressing any 'substantive issue' raised in their report. In fact, in last two sessions, Adani Enterprises share price has fallen from around ₹3,390 apiece levels to ₹2,721 levels, correcting to the tune of 20 per cent in this time.
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