By Linus Garg
First publised on 2023-01-27 06:58:29
When someone grows so big so fast, there always will be allegations that something is amiss. But it has to be considered that the Adani group has chosen its sectors well and has invested wisely. It may have stretched itself thin but the fact is that it is managing well and unless there is a run on its shares (like what is happening after the Hindenburg report), there is little chance of the group going bust. Further, whatever Hindenburg might think of itself and the effort it has put in bringing out the report against the Adani group, the fact is that it is a relatively new organization and unless what it has put out is seconded and supported by others, it will remain just one organization's view. It is also a fact that in the sensitive Indian stock market that thrives on rumours and is highly sensitive to such reports, the Adani group will have a hard time in controlling the fall of its shares. This will be extremely damaging, both for the Adani group and the market sentiment, in the short term.