Discussion in 'Technical Analysis' started by nirajshah, Jan 27, 2023.
What one should be doing now? Hold Adani stocks?
Adani hindenberg reports are all over the place and I have got couple of questions already on this.
In the first place, you shouldn't have invested in any of the Adani group stocks. I have been vocal about it quite clearly and you can see it in the short video here
However, if you still own them, you should sell them right away. Now, first thing on Monday morning.
Valuations were always on the higher side and some companies trading at a PE multiple of more than 500. Quite bizarre.
You can see the Debt and valuation charts here
And then companies were going up, up and away.
So when you have so many things happening that you are not able to understand, just keep away from it. I know it is difficult but then those who can apply sanity makes money from the market
Further, why you want to be taking the burden of loan that Adani group has? I was never convinced and so never had it.
I don't think we need a detailed explanation for exiting from Adani shares. Debt to Ratio and the PE ratio straight forward filtered them out a long time back.
Just one liner of urs is sufficient "In the first place, you shouldn't have invested in any of the Adani group stocks. However, if you still own them, you should sell them right away."
Agree but then everyone is not that keen to understand them and only do so after burning their fingers. However, many of my blog readers are but not all. I think we (each one of us) need to be doing a little more to make everyone aware.
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