Asia’s richest man Gautam Adani says its Attack on India. Hindenburg replies Bloated Response.
The tussle between Hindenburg and Asia’s richest man Gautam Adani is getting intense. Yesterday after the report of Hindenburg, Adani said it is fake news and an attack on the Indian economy.
Adani reply to Hindenburg report:
Adani said in long 400+ pages report that the Indian market is growing, and some countries cannot digest it. So all these fake reports are coming out to break India’s growth flow. But Gautam Adani said it would not affect India nor his company.
Effect of Hindenburg report:
On Friday, in just a report of Hindenburg, almost 20% of Adani’s shares went down in one session. Gautam Adani, as per sources, lost 20% income in a day which badly affected the Indian market too. It also gave a scare to the growing Indian market. We all know the Adani shares price is held in various departments, and if this company gets affected than this can be a dangerous sign for the Indian and Asian markets.
The truth still needs to be out as Hindenburg is still holding on to what they said in the report. On the other side, Asia’s richest man Gautam Adani cleared things up and said all the information was fake. But is this enough? He needs to prove everything adequately to reply to Hindenburg. As we know, Hindenburg is not a tiny name. They are known for such things and are masters in showing worldwide scams.
Is the question raised by the Hindenburg report valid or not? Because it is necessary to know the truth. Adani group is not a small group. We all know they are getting support from the ruling Govt of India, and Adani to supporting Rulin Govt deeply.
Indian Stock Market and Adani Share prices:
Shares of ADANI Group are in green after Gautam Adani came with clarification. But there is uncertainty in the market due to this news. What is the absolute truth will see or not? Or, with time, the report will be closed, and no one in future will know what the fact of the news was.
If this news is fake then Adani should take a step on Hindenburg because Foreigners always do such things to hamper Indian growth in any way.
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