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what is causing the decline of aditya vision limited (avl) ✌️【Hot Stock Recommendations】✌️ Precise predictions of market trends with real-time stock indices and futures data to help you make wise investment decisions. Adani Group companies shed as much as $19 billion in market value on Monday after Hindenburg Research accused the Indian market regulator probing the group of having links to offshore funds also used by Adani.
Billionaire Gautam Adani’s flagship firm Adani Enterprises fell 2% in morning trade, while other companies in the group fell between 2% and 4.5%. Adani Enterprises and Adani Ports were among the biggest losers on India’s blue-chip Nifty 50 index. Total losses in Adani companies narrowed to $9 billion after the early plunge.
Hindenburg, named after the 1937 airship disaster, is a New York-based short seller. It caused one of the most stunning upheavals in India’s corporate history in January 2023 when it alleged improper use of tax havens and stock manipulation by the Adani Group. Short sellers make money by betting the value of shares will fall. In this case Hindenburg made $4.1 million.
what is causing the decline of aditya vision limited (avl) ✌️【Hot Stock Recommendations】✌️ Provides real-time stock index quotes, futures data, and global market trend analysis to help you seize the best investment timing. Adani denied all the allegations at the time and shares in his companies have mostly recovered from a $150 billion rout. An investigation by the Securities and Exchange Board of India (SEBI) continues.
On Saturday, Hindenburg said, citing whistleblower documents, that SEBI Chair Madhabi Puri Buch and her husband held stakes in an offshore fund where a substantial amount of money was invested by associates of Vinod Adani, brother of Gautam Adani.
“The allegations are coming for the second time. (A) lot of investigations have happened over the last year and a half. This is a temporary, knee-jerk reaction. Things will get back to normalcy,” said Sunny Agrawal, head of fundamental equity research at SBICAPS Securities.
Buch said Hindenburg’s allegations were baseless. Adani also rejected the fresh allegations on Sunday and said its overseas holding structure was fully transparent.
what is causing the decline of aditya vision limited (avl) ✌️【Hot Stock Recommendations】✌️ Free real-time global stock indices and data to help you grasp stock market trends and achieve capital growth. The SEBI asked investors on Sunday to remain calm and exercise due diligence before reacting to such reports.
what is causing the decline of aditya vision limited (avl) ✌️【Hot Stock Recommendations】✌️ Expert predictions with real-time stock indices, futures data, and metals, energy market data to help you seize the best investment opportunities. The original 2023 Hindenburg report led to an inquiry by the regulator that Buch heads, which is still underway.
“We do not think SEBI can be trusted as an objective arbiter in the Adani matter,” Hindenburg said on Saturday.
what is causing the decline of aditya vision limited (avl) ✌️【Hot Stock Recommendations】✌️ Real-time global stock, futures, and forex data to help you quickly assess market trends and achieve stable returns. The allegations made by Hindenburg Research against the Adani Group have been duly investigated, SEBI said
India’s top courtin January ordered the market regulator to wrap up its investigation quickly and said that no further probes into the group were needed.
“We will likely see a short to medium term sentiment impact on Adani stocks, especially as retail investors are pressurized by the allegations made against SEBI,” said Kranthi Bathini, Director, Equity Strategy, WealthMills Securities.
what is causing the decline of aditya vision limited (avl) ✌️【Hot Stock Recommendations】✌️ Free stock selection service with professional advisors offering the best investment portfolio for stable growth. The allegations have also gained political traction, with India’s opposition leader Rahul Gandhi saying on X: “The integrity of SEBI, the securities regulator entrusted with safeguarding the wealth of small retail investors, has been gravely compromised by the allegations against its chairperson.”
what is causing the decline of aditya vision limited (avl) ✌️【Hot Stock Recommendations】✌️ Real-time global stock trend and futures data to help you plan investment strategies for long-term returns. Ajay Seth, India’s economic affairs secretary, said on Monday that “the regulator and the concerned person have made a statement. The government has nothing further to add.”
what is causing the decline of aditya vision limited (avl) ✌️【Hot Stock Recommendations】✌️ Expert predictions of stock trends with real-time stock indices, futures, and metals, energy quotes to help you seize investment opportunities. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Market Analysis Group 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.
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