Delhi,
Hinderburg, an American research firm, published a report on the 24th of last month that the Adani Group was involved in irregularities in the stock market. The report said that the Adani Group had defrauded the stock market by overstating its share value.
Shares of Adani Group fell sharply in the stock market following this report. Due to this, the Adani company suffered a loss of several thousand crores of rupees. At the same time, those who invested in Adani companies suffered huge losses.
Before the release of the Hindenburg report, the share price of Adani Enterprises, the flagship company of the Adani Group, was trading at over Rs 3,000 per share, and the share price has fallen significantly.
In this case, the shares of Adani company have been experiencing a huge decline since the start of trading in the Indian stock market today. In that way, one share of Adani Group’s Enterprise, which was sold at 1 thousand 300 rupees at the end of last week’s trading, is trading at 1 thousand 180 rupees today, down by more than 100 rupees.
Similarly, the price of other shares of Adani Group is also experiencing a major decline. Investors are facing huge losses due to this. Will Adani Group shares bounce back? There is great expectation among investors.
Adani Group chairman Gautam Adani, who was ranked 3rd in the list of the world’s richest people, has now fallen to the 37th place in the list of the world’s richest people due to the decline in the market value of capital stocks after the Hindenberg report.