Hindenburg’s allegations Impact:  Adani Group's market cap declines by Rs 96,672 crore and its stocks decline by 10%.

A 2300% increase in the price of Adani Enterprise's shares in five years can be used to summarise Gautam Adani's stratospheric rise. Adani is frequently criticised by the opposition for his closeness to the ruling party.

2300% Stratospheric rise in Adani Enterprises shares in attributed to his closeness to the ruling party

 In Adani's constellation of seven listed stocks, the consistent stock is just one bright star; more group companies are expected to list on the stock exchange between 2026 and 2028. However, according to an analysis by the US-based financial research firm Hindenburg, Adani's improbable ascent is actually the result of inflated stock prices and significant debt.

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Adani’s unreal rise is based on a sham with inflated stocks and massive debt

According to the study, which Adani has criticised as outdated and replete with false material, five of of the group's seven publicly traded companies have current ratios below one. A company's ability to repay short-term loans is indicated by its current ratio, and a lower ratio might put more strain on liquidity. The report's assertions have caused a 10% drop in the price of Adani Group equities, erasing more than Rs 96,672 crore from the group's market capitalization.

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