Corporate

How Adani Group Made a Comeback at Stock Markets Post Hindenburg Hit

The Hindenburg report wiped out more than $100 billion from Adani Group's market capitalisation. However, the story since then has been one of a resounding comeback

Adani Group
info_icon
Introduction

With the Hindenburg report against the Adani Group set to turn one year old, the shares of the group may find themselves at the same level they were at before the massive sell-off. While Adani businesses have recovered to an extent from the hit to valuations, the battle for trust is not over yet. Does this explain why the feelings of institutional investors on the bourses do not match the exuberance of retail investors?