Adani Enterprises: Faultlines of a business empire
Synopsis: The recent report from Hindenburg accusing the Adani group of brazen stock price manipulation, and piling up of debt among others has taken the steam out of Adani’s incomprehensible bull run. Until the report came out, the stock price seemed to be moving like Alexander’s unstoppable army: cruising over every hurdle, and ravaging through every resistance. Although now the brakes may well have been applied, the question that seeks an answer is: What was the risk involved?
Using our proprietary multilingual AI, we assessed and measured various thematic risks by analyzing the Indian media coverage for the flagship company of the Adani group: Adani Enterprises. What we found was that controversies and Adani were like The Two Ronnies: inseparable.