Indian retail investors piled on Adani Group shares, which posted a steep decline following the Hindenburg Research report. It is no exaggeration to say that retail investors have taken advantage of this decline, with the Hindenburg report on January 24 recording a major decline.
Individual retail investors held more shares in about 8 out of 10 companies of the Adani Group when comparing the end of December quarter with the end of March quarter. All 10 companies of the Adani group were higher at the close of trade on Tuesday.
3rd quarter of March was a tough period for Adani Group but retail investors invested heavily due to confidence in Adani Group and long term investment outlook.
Distribution of retail investors in Adani Group at the end of December quarter
Adani Enterprises – 1.86 percent
Adani Ports & SEZ – 2.86 percent
Adani Green Energy – 1.06 percent
Adani Transmission – 0.77 percent
Adani Wilmar – 8.94 percent
Adani Total Gas – 1.55 percent
NDTV – 14.11 percent
Ambuja Cement – 5.52 percent
LIC Company, Adani Group as of March 31 quarter end
Adani Enterprises – 3.41 percent
Adani Ports & SEZ – 4.1 percent
Adani Green Energy – 2.33 percent
Adani Transmission – 1.36 percent
Adani Wilmar – 9.49 percent
Adani Total Gas – 2.39 percent
NDTV – 17.54 percent
Ambuja Cement – 7.23 percent
In this situation, ACC and Adani Power have not disclosed their shares in the Mumbai Stock Exchange.