If You Invested ₹10,000 In Adani Ent A Month After Hindenburg Report, Here's How Much You'd Have Today

On this day in 2023, Hindenburg Research dropped a bombshell report on the Adani Group. Following the report the listed stocks of the group experienced significant volatility. Despite these challenges, the stocks have witnessed a noteworthy recovery.

The Investment: If we turn back the clock to February 24, 2023 – a month after Hindenburg accused Gautam Adani of “pulling the largest con in corporate history” – the closing price of Adani Enterprises was ₹1,315.65. If you had taken a leap of faith and invested ₹10,000 at this time, you would have been able to purchase roughly 7 shares. Fast forward to today, with the current price level of around ₹2,890, those shares would now be worth approximately ₹20,000.

See Also: 1 Year Since Hindenburg Report: How Adani Group’s Comeback Script Panned Out

The Year Of Ups And Downs: Within a month of the report being released, the Adani Group’s listed entities collectively witnessed a decline of approximately $150 billion (₹12.41 lakh crore). However, the Group slowly started the path to recovery from thereon.

Factors contributing to this recovery include the Supreme Court’s dismissal of the Hindenburg Report and a clean chit from a US regulatory body for Adani Ports. While SEBI’s investigation into the allegations is ongoing, the conglomerate appears to have salvaged its credibility in the eyes of many investors. However, some stocks within the group may still have a long journey ahead before fully recovering to pre-Hindenburg glory.

Read Next: Adani Group Bonds Were Lapped Up By Global Asset Managers After Hindenburg Fallout: Report

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Posted In: EquitiesMarketsAdani Group