INDIAN SHARK about ADANI CRASH

 

After the Hindenburg report is published, it says

The 7 Listed Companies Of Adani Group Are 85%+ Overvalued Even If You Ignore Our Investigation And Take The Companies’ Financials At Face Value

Adani's stock fell sharply, Adani had never fallen like this in its history and continued to fall after global brokerage firm Credit Suisse assigned zero lending value to Adani's bond. Adani’s stock tumbled to the lowest level of its 52-week high. More drop came after global brokerage firm Credit Suisse warned that Adani's bonds had zero landing value, citing concerns over the indebted Indian conglomerate's financial health. The company's bonds have been trading at distressed levels.

 

when the Hindenburg report Published its article about Adani; its owner, Gautam Adani, was number 3 in the world, but after the effect of this report, he slipped down from the top 10 list. Not only that, he has slipped down from the top richest person in Asia.

How much its share crashed after the report

Its share mostly fell more than 50% from its 52-week high 

 

Adani Total Gas Limited has dropped more than 50% from its 52-week high.

Its 52-week high was 4000, but now its value is 1622.32 (as of February 3, 2023).

ADANI WILMAR LIMITED has dropped by over 55%.

Its 52-week high was 878, but now IT IS WORTH 399.95 (ON FEBRUARY 3, 2023)

ADANI POWER LIMITED's stock price has dropped by more than 70%.

ITS 52-WEEK HIGH WAS 432.50, BUT ITS VALUE IS NOW 191.95 (AS OF 3 FEBRUARY 2023).

ADANI PORT AND SEZ LIMITED have dropped by more than 49%.

ITS 52-WEEK HIGH WAS 987.85 BUT NOW ITS VALUE IS 498.10 (ON 3 FEB 2023)

ADANI GREEN ENERGY LIMITED has dropped by more than 60%.

ITS 52-WEEK HIGH WAS 3050 BUT NOW ITS VALUE IS 935.90 (ON 3 FEB 2023)

ADANI ENTERPRISES LIMITED fall more than 60% 

ITS 52-WEEK HIGH WAS 4190 BUT NOW ITS VALUE IS 1586.60 (ON 3 FEB 2023)

ADANI TRANSPORT LIMITED fall more than 65% 

ITS 52-WEEK HIGH WAS 4236 BUT NOW ITS VALUE IS 1396.05 (ON 3 FEB 2023)

SHARK INDIA IS WELL-KNOWN FOR ITS STATEMENT ON SHARK TANKS,

"On the bright side, the whole country now knows the meaning of FPO," says Anupam Mittal.

The Adani incident has been a major talking point in the investment world. Many of the major players on the scene have voiced their opinion, and other Sharks have remained comparatively quiet. It appears that they have chosen to abstain from any public comment on the matter.