Brokerage firm Bernstein said concerns surrounding the Adani Group following the 2023 short-seller episode and subsequent US regulatory developments now appear largely behind the group, potentially paving the way for a revival in foreign funding and broader investor participation.
In a report covering four listed Adani companies – Adani Ports and Special Economic Zone, Adani Green Energy, Adani Power and Ambuja Cements – Bernstein said many global funds had stayed away from the group pending clarity on US-related developments, leaving several stocks under-owned despite strong operational execution.
The report said the settlement of the US SEC case and moves by US prosecutors to drop charges against the group had removed a major overhang on Adani stocks, many of which still trade below pre-crisis levels despite a sharp recovery from earlier declines.
“The group has gone through two big events in the last 4 years – the short seller event in January 2023 and US SEC-DoJ related …​Brokerage firm Bernstein said concerns surrounding the Adani Group following the 2023 short-seller episode and subsequent US regulatory developments now appear largely behind the group, potentially paving the way for a revival in foreign funding and broader investor participation.
In a report covering four listed Adani companies – Adani Ports and Special Economic Zone, Adani Green Energy, Adani Power and Ambuja Cements – Bernstein said many global funds had stayed away from the group pending clarity on US-related developments, leaving several stocks under-owned despite strong operational execution.
The report said the settlement of the US SEC case and moves by US prosecutors to drop charges against the group had removed a major overhang on Adani stocks, many of which still trade below pre-crisis levels despite a sharp recovery from earlier declines.
“The group has gone through two big events in the last 4 years – the short seller event in January 2023 and US SEC-DoJ related … ​Latest News [ SOBAN NEWS: International and National ]
