UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 11 Issue 4
April-2024
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR2404455


Registration ID:
536766

Page Number

e503-e530

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Title

AI-Powered Python Analysis: Unveiling Hiddenburg's Impact on Adani Group Stock Prices

Abstract

This study aims at analysing the stock prices change of the whole Adani Group stocks before and after the Hiddenburg Report was published through the help of AI. The Adani Group was charged in a January 2023 Hindenburg Research report with a "brazen stock manipulation and accounting fraud scheme over decades." The accusations encompassed concerns regarding debt levels, improper use of offshore entities, and inflated stock prices. The massive sell-off that followed the report resulted in the Adani Group's market capitalization being wiped out and substantial stock price drops. The Adani Group's size and power caused the wider Indian market to tremble, and Gautam Adani's net worth also fell.The Adani Group, in response, fiercely refuted every accusation, referring to the report as "malicious" and "planned to manipulate the market." In an effort to reassure investors, they started a share buyback program and threatened to sue Hindenburg. The stock price dropped in spite of these actions, hitting a 52-week low and resulting in a value erosion of more than 70%. There are still unanswered legal questions, ongoing regulatory investigations, and a complex situation overall. It's still unclear how this will affect investor confidence, the Adani Group, and the Indian market in the long run. The story has cast doubt on regulatory supervision and corporate governance in India and called into question the inclusion of Adani companies in important indices like the Nifty 50. The fact that Adani Enterprises' stock is now trading much below its pre-report levels as of February 2024 suggests that the Hindenburg report's effects are still being felt.

Key Words

hiddenburg report , stock manipulation fraud , adani group , regulatory investigations

Cite This Article

"AI-Powered Python Analysis: Unveiling Hiddenburg's Impact on Adani Group Stock Prices", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 4, page no.e503-e530, April-2024, Available :http://www.jetir.org/papers/JETIR2404455.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"AI-Powered Python Analysis: Unveiling Hiddenburg's Impact on Adani Group Stock Prices", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 4, page no. ppe503-e530, April-2024, Available at : http://www.jetir.org/papers/JETIR2404455.pdf

Publication Details

Published Paper ID: JETIR2404455
Registration ID: 536766
Published In: Volume 11 | Issue 4 | Year April-2024
DOI (Digital Object Identifier):
Page No: e503-e530
Country: Phagwara, Punjab, India .
Area: Management
ISSN Number: 2349-5162
Publisher: IJ Publication


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