It was a bloodbath on Friday, with Adani stocks hitting lower circuits and some of them even witnessing a double-digit decline. The reason behind the free fall in Adani stocks would be Hindenburg Research’s allegations over the Group.
Analysis for Hindenburg Research’s Report
Retail holding i.e., people with <Rs 2 Lac nominal sh. cap. are less in #Adani stocks as compared to many others. Infact, in some stocks it is so low that it’s quite insignificant. Many say retail is stuck but doesn’t look like much.
Adani Stocks can be added as per levels with SL for short term bounce back
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