{"id":553483,"date":"2023-02-07T08:57:20","date_gmt":"2023-02-07T03:27:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=553483"},"modified":"2023-02-07T09:57:20","modified_gmt":"2023-02-07T04:27:20","slug":"adani-enterprises-stock-price-has-40-more-downside-nyu-professor","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-enterprises-stock-price-has-40-more-downside-nyu-professor\/","title":{"rendered":"Adani Enterprises&#8217; stock price has 40% more downside: NYU professor"},"content":{"rendered":"<p>Shares of Adani Group\u2019s flagship firm are overvalued on some metrics despite plunging more than 50% in the rout triggered by US short seller Hindenburg Research\u2019s scathing report last month, according to a New York University finance professor.<\/p>\n<p>Adani Enterprises Ltd. yielded a value of 945 rupees per share even before \u201cfactoring any of the Hindenburg accusations of fraud and malfeasance,\u201d Aswath Damodaran of New York University wrote in a blog post on Feb. 4. The stock traded at 1,561 rupees in Mumbai at 12:30 pm on Monday, 40% more than the value ascribed by Damodaran, whose work has been widely published in leading finance journals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Adani Group\u2019s flagship firm are overvalued on some metrics despite plunging more than 50% in the rout triggered by US short seller Hindenburg Research\u2019s scathing report last month, according to a New York University finance professor. Adani Enterprises Ltd. yielded a value of 945 rupees per share even before \u201cfactoring any of the Hindenburg accusations of fraud and malfeasance,\u201d Aswath Damodaran of New York University wrote in a blog post on Feb. 4. The stock traded at 1,561 rupees in Mumbai at 12:30 pm on Monday, 40% more than the value ascribed by Damodaran, whose work has been [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-553483","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/553483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=553483"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/553483\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=553483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=553483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=553483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}