See No Value In Adani Stock, Can Make Enough Money From Other Stocks, Says Finfluencer

Finance Youtuber Akshat Shrivastava said he had faced online “trolling” for not investing in Adani stocks. The influencer said he did not see value in the group’s companies and chose to invest in other stocks instead.

What Happened: Shrivastava’s shared an image of a publicly constructed portfolio on social media platform X. He said the basket has generated a 21.17% profit in a year, with 70% of the portfolio consisting of Index-tracking mutual funds.

See Also: Micro Cap Stock Jumps 4% After Partnering With Indian Oil

The investor claimed his strategy, discussed openly and free of charge, outperformed at least 99% of fund managers on a relative benchmark. Despite the apparent success of his approach, Shrivastava said received criticism for not investing in Adani stocks.

“I, as a fundamental investor, do not see value in it. I can make enough money from other stocks,” Shrivastava said.

He encouraged critics to invest in the group stocks if they believed in it, emphasising the importance of faith in personal investment decisions.

The Adani Group has experienced a surge in stock values of up to 20%, following the conclusion of a US agency investigation which found that the accusations made by Hindenburg Research against the Gautam Adani-led group did not apply to Adani Ports.

Read Next: Apple Looks Towards India-Made iPhone Batteries Other Components To Reduce China Reliance

Posted In: EquitiesSocial MediaMarketsGeneralAdani GroupAkshat Shrivastava