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Fallout from Hindenburg’s report still lingers. While Adani stocks have risen more than $90 billion from last year’s low, they remain about $60 billion short of their pre-Hindenburg peak.
A year after the Hindenburg Research attack, Gautam Adani discussed how he insulated his portfolio from market volatility by pre-paying margin-linked financing. His leadership team's focus on businesses led to record-breaking EBITDA growth and Q3 FY24's highest-ever quarterly profit. He highlighted the use of adequate liquidity and stake sales to fortify the financial position. Adani acknowledged the crisis exposed a weakness in outreach mechanisms and distorted perceptions.
Maharashtra's chief minister, Eknath Shinde, reflects on the World Economic Forum (WEF) in Davos, highlighting the importance of trust and collaboration in rebuilding and shaping a prosperous future.
Adani to double its private jets fleet.To be delivered in 18 months
Most Adani Group companies are yet to fully recover from the damage done by the Hindenburg Research report. While their financials have improved during this period, investors seem to be cautious as valuations still look stretched.