Adani Group Shares Trading With Heavy Discount: Gautam Adani Group Shares are witnessing selling for the fourth consecutive trading day today. Lower circuit is being seen continuously in some stocks. Even the FPO of Adani Enterprises is looking bad. Due to continuous decline, many shares of Gautam Adani Group are now trading at half or even less than their 1-year high.
At present, those who have invested in these shares have suffered huge losses. They are confused about this and are also scared as to what strategy they should keep in the future. Let us tell you that the negative report on the shares of the forensic financial research firm Hindenburg has worsened the sentiment.
IIFL, VP-Research, Anuj Gupta says that the selling in Adani Group shares is in reaction to the negative report of Hindenburg. However, clarification has come from the group on this. At the same time, SBI and LIC have also not expressed concern regarding group companies, which is positive. None of the loans in Dani Group companies are unsecured. At the same time, they have a diversified portfolio of strong brands. The business is in a better sector, so there is not much concern about the future.
However, he also says that there will be pressure on Adani Group shares in the short term. Therefore, investors are advised to remain in a wait and watch position for the time being. They should wait till the fall in the stock stops. Will keep an eye on what kind of clarifications come next. Once the stocks become stable, this fall should be taken as an investment opportunity. Whereas those whose money is invested, they should remain in the stock.
