Adani Stocks Found Buyers in India’s Retail Investors During Rout
- Retail investors raise holdings in nine of 10 Adani companies
- Group added over $60 billion in market value since November
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India’s retail investors piled into Adani Group companies as their shares cratered in the wake of the Hindenburg Research’s scathing report last January. A year later, they’re still keeping the faith.
Individual holdings in nine of the group’s 10 stocks at the end of December are higher than they were before the short-seller’s attack on the conglomerate, exchange data compiled by Bloomberg show.