Something big soon on India, says Hindenburg Research new report

This comes more than a year after the firm released a report alleging “insider trading” and other stock market violations by the Adani Group of companies.

This comes more than a year after the firm released a report alleging “insider trading” and other stock market violations by the Adani Group of companies. The previous accusations of financial misconduct led to a significant drop in Adani’s stock prices. “Something big soon India,” said the post on X, formerly Twitter. In January 2023, Hindenburg published a report accusing the Adani Group of financial irregularities, leading to a significant drop in the company’s stock price. The group at the time had rubbished these claims.

https://twitter.com/HindenburgRes/status/1822061498845266212?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1822061498845266212%7Ctwgr%5E0dd1be51de0dd63a7f1761fc289facbc4eccdf75%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thehindu.com%2Fbusiness%2Fmarkets%2Fsomething-big-soon-on-india-says-hindenburg-research%2Farticle68508640.ece

In 2023, following the allegations against the adani group, shares of various Adani companies plummeted, with reported losses exceeding USD 100 billion. The report accused the group of financial irregularities, though the group has denied these claims.