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The US short-selling company Hindenburg Research, well-known for its shocking analysis of the Adani Group in the previous year, has referred to yet another important finding regarding India. With the words "Something big soon India," the company tweeted on X (previously Twitter) on Saturday, encouraging interest and prediction.
#HindenburgResearch
— Neeraj Dhindhwal ЁЯУИ (@tradinghustlr) August 10, 2024
Any big news or just waste of time!
What I think is:
- First they make short positions in a stock
- Then they publish bad report about that company
- Stock start falling
- They book profit
- Then find new company
What's your view?#justasking #Hindenberg pic.twitter.com/3I9n8rAXWa
A tragic investigation by Hindenburg Research, which accused the Adani Group of stock manipulation and fraud, was released in January 2023. Only a few days before Adani Enterprises' scheduled $2.5 billion share sale, the report was made public. As a result, the market value of Adani Group's equities fell quickly by $86 billion, and a large portion of its bonds listed abroad were sold off. The claims had a knock-on effect, resulting in a more than $100 billion decline in share prices for Adani Group companies.
The Adani Group has continuously rejected these claims, claiming they are unjustified. The disclosure caused some confusion in the financial markets and increased investigation of the company's operations.
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— The Lallantop (@TheLallantop) August 10, 2024
In July of this year, important Indian lawyer and BJP leader Mahesh Jethmalani further increased the debate by thinking that a Chinese-connected US billionaire may have ordered the Hindenburg report. According to Jethmalani, Hindenburg Research was contracted by American billionaire Mark Kingdon, who founded Kingdon Capital Management LLC, to write the report on Adani. This statement has encouraged more predictions and discussion about the report's motivations.
The fresh Hindenburg Research hint begs questions about what else might be released and how it would affect India. The results of the last report demonstrated the deep effects that these disclosures may have on reputations and markets. With Hindenburg's most recent hint, all eyes will probably be on any coming details and how they would affect the Indian economic environment.
