The India Rising story hit some turbulence last week, as one of its biggest corporate success stories, the Adani Group, was hit with a report from Hindenburg Research, an investing group that specializes in targeting and shorting companies that it believes have dubious accounting and business practices.
Great insight Sir! Could you please give an analysis on AWL specifically as it is a "market leader in edible oil business" and more importantly the wild swing of the share price since IPO and low debt. Thank you!
Your write-up of the Adani valuation is premised on the reported numbers being reliable. Hindenburg's entire emphasis is to the contrary. Adanis are likely inflating their costs - pocketing the excess overseas and rerouting it as 'public' investments in their companies. The Indian exchequer and non-promoter stockholders are ripped off. That I suppose is why Hindenburg feels it apt to use phrases like 'largest con' and 'systematic loot'. But of course, I could be wrong.
"I have likened buying shares in a family group company to getting married, and then having all of your in-laws move into the bedroom with you." 😂🤣😂🤣 🤘
Great insight Sir! Could you please give an analysis on AWL specifically as it is a "market leader in edible oil business" and more importantly the wild swing of the share price since IPO and low debt. Thank you!
Your write-up of the Adani valuation is premised on the reported numbers being reliable. Hindenburg's entire emphasis is to the contrary. Adanis are likely inflating their costs - pocketing the excess overseas and rerouting it as 'public' investments in their companies. The Indian exchequer and non-promoter stockholders are ripped off. That I suppose is why Hindenburg feels it apt to use phrases like 'largest con' and 'systematic loot'. But of course, I could be wrong.
"I have likened buying shares in a family group company to getting married, and then having all of your in-laws move into the bedroom with you." 😂🤣😂🤣 🤘
Thanks a lot for this blog. It helped me understand the situation better.