The 18.5 per cent decline in aggregate market cap decline on Friday has taken the overall decline in group market capitalisation by over Rs 4.2 lakh crore since Tuesdayu2019s closing.
According to stock market experts, Hindenburg Research report may impact subscription of Adani Enterprises FPO but as soon as the fundamentals of the stock are intact, strong bounce back in the scrip can’t be denied. They said that the Hindenburg Research report and its fallout needs to be examined by the market regulator SEBI as the US-based research firm has taken short position in the Adani group stocks as well. They predicted that SEBI may come forward and ensure safety of the retail investors’ money in this Adani-Hindenburg fall out.
Image source- Google.comAs per the ingovern reaction on Hindenburg Research on Adani group, The strategically timed release of the Hindenburg report on the eve of the follow-on public offering (FPO) by Adani Enterprises Ltd seems to indicate that there was some objective to scare investors. However, the Hindenburg report itself may not impact the FPO share sale.What are your views about the report? Comment down your image of Adani group in the stock market.
