After releasing a 100-plus-page report deatiling scathing allegations on the Adani Group in January, U.S. short-seller Hindenburg Research is set to come up with another “big one” later in the day.
What Happened? The short-seller took to Twitter on Thursday to tease a fresh report stating, “New report soon — another big one.” The tweet didn’t provide any hints or specifics as to who the Nate Anderson-run firm might target next.
The tweet wreaked havoc on Twitter, with a host of notable stock market analysts and personalities voicing their concerns around another “big” report.
Here are some top reactions to Hindenburg Research’s tweet:
Why it Matters: Hindenburg Research in a report on January 24 levelled allegations of stock manipulation, accounting fraud and other financial misdeeds on the Gautam Adani-led Adani Group. The scathing report wiped out $150 billion (₹12,33,209.85 crore) from the conglomerate’s market value in 5 weeks since publication.
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Retaliating to the allegations, Adani Group labelled Hindenburg’s claims as a “calculated attack” on India. The conglomerate went on to state that the report was driven by “an ulterior motive” to “create a false market” and eventually make financial gains from it.
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