Since January 24, 2023, the market cap of Adani group companies has fallen by a shocking 58 per cent, from over ₹19 lakh crore to over ₹8 lakh crore (as of February 21, 2023). And this due to just a research report. What was there in the report? Who published it? And what should investors do now? Here's a primer.
Who published the report and what is there in it?
The report was published by Hindenburg Research, a US-based investment-research firm specialising in forensic research. The firm identifies companies with irregularities in their financials, exposes them through a research report and holds a short position in them.
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