Adani Group Share Price: Pre and Post-Hindenburg Report!! Adani Group Latest News...

Adani group's share price has been seized and all his money in stocks has slipped out of his pants. Recently, Hindenburg released a 106-page report accusing Adani of false investments and stock manipulation. The reports asked 88 questions out of which Adani only replied to 62 of them. The unanswered questions were related to confidential information about Adani’s businesses so they were left unattended as per the reply from Hindenburg.

Adani has faced severe loss in his businesses as the Adani group share price of 10 capital investment companies has lost 43% of their value which relatively values at around 8.3 lakh crore or $100 billion.

Adani Crashes in Forbes World’s Richest Person List

Adani who once ranked as the world’s second richest person has crashed from the list and is now even out of the Top 10 billionaires in the world. Adani now ranks at the 22nd position in the Forbes Real-Time Billionaire List.

NSE Adds Adani’s Share Under Short-Term Surveillance

NSE has put Adani group stocks under Short-Term Additional Surveillance Measure (ST-ASM) Stage I on February 3, 2023, in order to investigate the short-selling. NSE further stated that the shortlisting of securities is just to inspect the shares of Adani Enterprises, Adani Ports, and Ambuja Cement under market surveillance. These actions do not imply any adverse action against the companies and their stocks.

In easy words

Traders are prohibited from taking advantage of intraday leverage, and their entire traded value is held as a margin to secure them from speculative and high-risk trades.

Adani Enterprises Kicked Out of Dow Jones Sustainability Indices

First off let's get a short introduction to Dow Jones Sustainability Indices - Wikipedia (DJSI). The firm is the longest-running global sustainability benchmark worldwide. It evaluates the performances of various companies trading publicly. The companies are judged here based on corporate economic, environmental, and social performance.

Recently, Dow Jones Sustainability Indices removed one of the prime Adani group shares 'Adani Enterprises'. They removed the company due to their involvement in stock manipulation and accounting fraud. Coincidently, DJSI and Hindenburg both are US-based firms. This puts an indication that the US is trying to break the Indian market.

Adani Files Public Interest Litigation (PIL) Against Hindenburg

Adani previously warned US-based forensic financial research 'Hindenburg' over their report on defaming Adani. Adani Group has now issued a plea in the Supreme Court by means of public interest litigation (PIL) against the founder of Hindenburg Research, Nathan Anderson, and his company. The defamed billionaire has also asked for the compensation for the people who have invested in the Adani Group. The action will primarily focus on seeking action based on defrauding guiltless investors.

Also Read: Hindenburg Replies to Adani’s Defense Report Threats!! See Conclusion!!

Adani’s Share: Pre and Post-Hindenburg Report

Adani Group stocks have fallen to a value of Rs 10.89 lakh crore from Rs 19.2 lakh due to the attack from Hindenburg’s report. All the major firms of Adani group share prices have plunged due to the shockwave caused due to the report. The Adani Group shares that fell off after the Hindenburg report include: