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Something big soon India, Hindenburg hints at another major revelation after Adani disclosure

Aug 10,2024
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Hindenburg Research, the US-based short seller, hinted at another major disclosure related to India on Saturday. On Saturday, the firm posted on X stating, "Something big soon India." This comes after their explosive report last January, which scrutinised the Adani Group just before a planned share sale by Adani Enterprises.



The release of Hindenburg's report led to a sharp decline in Adani Enterprises Ltd's (AEL) stock price, which plummeted by 59% within a month. The January 2023 report had a profound impact, wiping out $86 billion from the market value of Adani Group stocks and sparking a substantial sell-off of its overseas bonds. Hindenburg accused the conglomerate of engaging in what it termed "the largest con in corporate history," leading to a steep decline in the value of Adani's listed companies.


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Something big soon India, Hindenburg hints at another major revelation after Adani disclosure
Aug 10,2024
Share  
Descriptive Main Poster Image
Hindenburg Research, the US-based short seller, hinted at another major disclosure related to India on Saturday. On Saturday, the firm posted on X stating, "Something big soon India." This comes after their explosive report last January, which scrutinised the Adani Group just before a planned share sale by Adani Enterprises.


The release of Hindenburg's report led to a sharp decline in Adani Enterprises Ltd's (AEL) stock price, which plummeted by 59% within a month. The January 2023 report had a profound impact, wiping out $86 billion from the market value of Adani Group stocks and sparking a substantial sell-off of its overseas bonds. Hindenburg accused the conglomerate of engaging in what it termed "the largest con in corporate history," leading to a steep decline in the value of Adani's listed companies.
Quess Corp is undergoing a demerger and is currently trading at 298.20, having hit the upper circuit limit.
Indian stock market closed for Mahavir Jayanti holiday, and experts predict a possible gain for Nifty to 23,500 tomorrow.
Government May Privatize 11 Airports by 2025-26: Report
Nuvama sees a 96% upside potential in PVR INOX and recommends buying the stock with a target price of Rs 1,610, according to JM Financial.
Bitcoin is down by 26 % this month, while Ethereum's price has decreased by 34%.

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Neha Sharma shared photos from her visit to Baglioni Maldives on social media.
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