Tag: Market price

The enormous fluctuations in the market value and fortunes of the Adani Group are almost unreal, like something out of a fairy tale. Since a short seller agency, Hindenburg Research, made serious accusations regarding the use of widespread illegalities by the group, I believe history will view this as a singular event, at least for India, due to the magnitude and speed with which the changes occurred, both during the spectacular ascent and the subsequent decline. Adani's route to success began in 1999, when it joined with Singapore's Wilmar to become an importer of palm oil. In a short amount of time, seven corporations affiliated with the Adani group accumulated control of practically all of India's infrastructure, including seaports, highways, airports, data storage facilities, defe...