It's been one year since Hindenburg research¡¯s report rattled the Adani group and its stocks. Not only did all of Adani group stocks suffer a bloodbath for many months, but even the networth of Gautam Adani suffered a big crash, making him fall from the position of world¡¯s third richest person to out of the top 20 list.
But now, after one whole rollercoaster year, where do Adani group stocks stand? Have all of them recovered from the bloodbath caused by the Hindenburg report¡¯s allegations? Let's find out.
The data mentioned above clearly indicates that Adani Total Gas has been the biggest loser among the Adani group stocks, being still down more than 75% despite one year passing by since Hindenburg research's report came out. On the other hand, Adani Power is the biggest gainer, being more than 100% up in last one year since the short seller's report began the bloodbath.
Also Read:?List?Of All Companies That Come Under?Adani?Group
Right before the Hindenburg report came out on January 24th 2023, Gautam Adani was India as well as Asia's richest person, and also enjoyed the title of world's third richest person. Gautam Adani had a networth of about $120 billion when Hindenburg report came out. And now one year later, Adani's net worth stands at $90 billion, placing him at 14th position on the richest list (Bloomberg billionaire index). His net worth had plunged to about $37 billion soon after the report began a bloodbath in Adani group stocks.
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