1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Adani hindenburg report?

Discussion in 'Technical Analysis' started by nirajshah, Jan 27, 2023.

  1. nirajshah

    nirajshah Champion

    Joined:
    Aug 17, 2016
    Messages:
    546
    Likes Received:
    302
    What one should be doing now? Hold Adani stocks?
     
    nirajshah, Jan 27, 2023
    Share #1
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Adani hindenberg reports are all over the place and I have got couple of questions already on this.

    In the first place, you shouldn't have invested in any of the Adani group stocks. I have been vocal about it quite clearly and you can see it in the short video here

    https://youtube.com/shorts/0Jt2qiIZHBo

    However, if you still own them, you should sell them right away. Now, first thing on Monday morning.

    Valuations were always on the higher side and some companies trading at a PE multiple of more than 500. Quite bizarre.

    You can see the Debt and valuation charts here

    [​IMG]
    [​IMG]

    And then companies were going up, up and away.

    [​IMG]

    Source https://hindenburgresearch.com/adani/

    So when you have so many things happening that you are not able to understand, just keep away from it. I know it is difficult but then those who can apply sanity makes money from the market

    Further, why you want to be taking the burden of loan that Adani group has? I was never convinced and so never had it.
     
    shabbir, Jan 27, 2023
    Share #2
    emailsaravanans likes this.
  3. emailsaravanans

    emailsaravanans Active Member

    Joined:
    Jul 23, 2018
    Messages:
    53
    Likes Received:
    28
    I don't think we need a detailed explanation for exiting from Adani shares. Debt to Ratio and the PE ratio straight forward filtered them out a long time back.

    Just one liner of urs is sufficient "In the first place, you shouldn't have invested in any of the Adani group stocks. However, if you still own them, you should sell them right away."
     
    emailsaravanans, Jan 28, 2023
    Share #3
    shabbir likes this.
  4. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Agree but then everyone is not that keen to understand them and only do so after burning their fingers. However, many of my blog readers are but not all. I think we (each one of us) need to be doing a little more to make everyone aware.
     
    shabbir, Jan 29, 2023
    Share #4