Why adani group stocks lost about 6 lakh crore in 3 days - Hindenburg research

Recently Hindenburg Research is publish a report on adani group.After the report comes adani group stocks going to lower circuit.Some people say that this report has been published because Hindenburg could make profit by short selling adani group shares.

Hindenburg Research is a US (united states) based research firm.The firm uses a variety of methods, including reviewing company financial statements, press releases etc.Hindenburg Research's mission is to give investors and other market participants with reliable and reputable information, thereby promoting transparency and accountability in the financial markets. 

Some points about adani group

1.In last three days adani group lose market cap about 6 lakh crore.

2.Adani group market cap from 19.4 lakh crore to 13.6 lakh crore.

3.In last three days adani shares is lost about 25%.

Alligations on adani by hindenburg

Stock Manipulation :- Hindenburg report claims that adani exports in a manipulated stocks because in 1999 Ketan parekh has heavily manipulated 10 stocks are also known as K-10 stocks.one of which is adani exports.in 1999 just 6 month the price of adani exports in increase from 495 to 1,300 mean 162% increased and after this incident govt. officials research on it and he found adani group 7 listed companies found guilty.and sebi banned seven private adani group companies trade in sequirities market.

Round-Tripping :- Here the alligations has been on adani for many years,but hindenburg research give a structure on it.this is placed below.

Generally any type of fund (mutual fund, hedge fund, pension fund) etc.keep your investment diversified, because any disturbance in any company will not harm the entire capital of the fund. Dependence on any one company is harmful.Hence all funds follow diversification in your portfolio.

• APMS investment fund.
• Cresta fund management.
• LTS investment fund.
• Elara india opportunities fund.
• Opel investments.  

But these funds do not diversify, they only invest in Adani Groups.98-99% of these 5 funds are invested in Adani Groups companies. And the owner of this fund is unknown and it is not known from where this fund money comes.

So,Hindenburg claims that the owner of the fund is Gautam Adani's elder brother Vinod Adani and that the money comes into the fund through Vinod Adani. Adani Group Chairman Gautam Adani says. These allegations are false and he will be taking legal action against Hindenburg Research.

Adani Group always say that adani Group has no relation with Vinod Adani but every time relation is seen between them. Hindenburg claims that the cash coming to Adani is not his own. It is loan money that Adani has taken from banks.

In the last two-three years, Adani Group has taken a loan of 27 Billion dollar, out of which 40 percent of the loan has come from only one bank, SBI.That's why the news of Adani came in the market, SBI's share price also fell as soon as it came, and LIC has a major stake in Adani group companies, so LIC's share also declined.

Auditing practices related :- Auditing firm of adani group is Shah dhandhariya & Co. in this firm only four parteners & 11 employes work in this firm and they audit Adani total gas and Adani enterprises.Adani Enterprises has 156 subsidiaries.Hindenburg says this is a very big and complex operation, but its team is very small why..??? In last 8 years Adani Enterprises has changed 5 Cfo's.there is no such listed company of Adani Group in which CFO has not changed 2 and more than 2 times in 5 years.

Adani reply on hindenburg research

Adani groups 413 pages reply to aganist hindenburg fraud alligations.

Hindenburg say on adani reply

Indias future is being held back by adani group which is looting the nation.

People also read

Why did paytm share price falling

Top 5 semiconductor manufacturing stocks

FAQs

Hindenburg research is started in.?

Hindenburg research is started in 2017 in united states. after his started he has exposed many fraud companies. like nicola ect..

What is the tract record of Hindenburg research.?

The tract record of Hindenburg research is very good it research is right on previous many companies like Nicola (electric truck company) etc.

What are the allegation made by hindenburg research against adani.?

Hindenberg claims that Adani group is involved in activities such as stock manipulation, money laundering, taxpayer money theft, artificial revenue generating and withdrawing money from the company's listed entities.

Who was the founder of Hindenburg research.?

The founder of Hindenburg research is Nathan anderson.