Adani stocks with higher price to earning ratios see steeper fall

Adani stocks with higher price to earning ratios see steeper fall

Adani stocks have seen a steeper fall in recent weeks as investors have become increasingly cautious about the company’s market performance. Investors have become more wary after the company’s stock price to earnings ratio (P/E) has gone up significantly, making it one of the highest among listed companies in India. Here are some points about … Read more

Adani Enterprises share price has 40% more downside

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 … Read more