@mrmountaindew This is not new, and anyone sensible in Indian markets if they didnt believe Adani was a fraud enterprise is a terrible investor who let non-fundamentals distort their view. For insnance, many active funds including PPFAS have avoided any Adani stock, while these stocks have become part of many top 50/100 indices. If you look at Mutual fund holdings of Adani (https://www.rupeevest.com/Mutual-Fund-Holdings/112599) very few active funds have exposure, whereas a LOT of passive funds have exposure. This is really shocking and shows to the scale of corruption of Adani group that these scam stocks have become staple inclusions in many passive funds and indices.
That said, big props for Hindenburg to publish this. Indian research firms will never do so due to fear of government retribution, moreover there are all kind of short seller research which is banned by SEBI
I wonder how this trade is actionable for Hindenburg since none of Adani scam stocks are listed in the USA. And in Indian markets with short selling curbs and restrictions imposed by SEBI (staffed by rubber stamp government toeing executives) its not really an option that they can short Adani stocks in India and repatriate their profits back to USA
That said, big props for Hindenburg to publish this. Indian research firms will never do so due to fear of government retribution, moreover there are all kind of short seller research which is banned by SEBI
I wonder how this trade is actionable for Hindenburg since none of Adani scam stocks are listed in the USA. And in Indian markets with short selling curbs and restrictions imposed by SEBI (staffed by rubber stamp government toeing executives) its not really an option that they can short Adani stocks in India and repatriate their profits back to USA