 "Timing of Hindenburg report is curious; market reaction overdone: Analysts")
The sharp fall in Adani group stocks following a report by a well-known US activist investor Hindenburg Research LLC that said it was shorting them presents a good opportunity to buy these stocks lower from a long-term perspective, said analysts, who suggest that the market’s reaction to the report is overdone.
The Hindenburg report comes on the heels of Adani Enterprises’ (AEL) plans of Rs 20,000 crore follow-on public offer (FPO) announced a few days ago.
"We are shocked that Hindenburg Research has published
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