Adani Enterprises share price has 40% more downside

The Hindenburg Research report has cast serious doubts over the value of Adani Enterprises shares and has sent the stock into a tailspin. But, according to NYU finance professor Aswath Damodaran, the share price still has 40% more downside. He believes that the stock is overvalued even before factoring in the allegations of fraud and malfeasance.

Adani Enterprises share price has 40% more downside
Adani Enterprises share price has 40% more downside

Aswath Damodaran is a highly respected name in the world of finance, and his analysis is taken seriously by investors. He has published extensively in leading finance journals, and his opinion carries weight.

The Hindenburg report has certainly increased the risk perception of Adani Enterprises, and this is likely to continue to weigh on the stock for some time. The company has responded to the allegations in the report, but the doubts will remain until the matter is cleared up conclusively.

The market is likely to remain wary of Adani Enterprises for some time to come, and investors should take this into account before investing. Aswath Damodaran’s analysis suggests that the share price still has 40% more downside, so investors should consider this before investing in the stock.

Overall, the Hindenburg report has certainly increased the risk perception of Adani Enterprises, and this is likely to remain for some time. Investors should take this into account before investing in the stock and should be aware of the potential for further downside.

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