Truth Behind Suchita Dalal's Tweet

 


Hi, guys today I will be sharing my views in respect to the Tweet by Suchita Dalal recently.

We all know about  Suchita Dalal that she  is an Indian business journalist and author.

She is the one who exposed the Harshad Mehta Scam in 1992.

If you read the tweet carefully you will find out that she had smartly written " one group" not revealing the name of the company on which she has doubt. She actually thinks that their is a possibility of a market crash but it is very hard to prove.

According to the tweet of Suchita Dalal and the going on reports of SEBI and other financial analyst. It is evident that Suchita Dalal is actually having doubt in the shares of Adani group.

The reason for this is the sudden rise in networth of Mr. Adani from $10 billion to $78.9 billion which is only $5.9 billion less from Mukesh Ambani's Networth in 2020. The suspicion came out when SEBI found that Albula Investment Fund; Cresta Fund and APMS Investment Fund; etc. that they own over Rs 43,500 Crore worth of shares of Adani group. These accounts are freezed by National Security Deposit Ltd. ( NSDL). Actually, the holdings of the shares of the Adani group by these FIIs led to a doubt. It may be it's just for investment purpose and not for any other reason.

Let's see some data first,


If you look carefully at the data and analyse, you will come to know that most probably in each company of the Adani group around 74.92% is hold by the Promoter; 24% in the hands of some groups of FIIs and remaining are in the hands of general public.


If you carefully see the graph you would see that Adani group share price sudden rises with a very past rate during 2020-21 as the FIIs starts investing in it. This reminds us about the sudden rise in prices of Acc Cement in 1992 due to Harshad Mehta. This acted like one of the symptoms of another market crash. 

During the period 2020-21, the share prices of Adani gas rose by 349%; Adani Enterprises have soared 972%; Adani Green has gained 249%; and Adani Power had advanced 149% and 247%.

And if you go through the portfolio of of the FIIs who invested in Adani group you will find that  approximately all the FIIs has invested 95-97% of their money in all the company of the Adani group and rest on other firms and thy are slowly reducing their holdings of the shares of the Adani group which gives rise to suspicion. 

Here's  one link:

 https://trendlyne.com/portfolio/superstar-shareholders/53818/latest/albula-investment-fund-ltd/
        
After all, it cannot be said that it's a scam or there will be a market crash as no hard proof evidence is provided. But there is an intuition of a market crash.

This much for today and wait for my next blog. Please don't forget to share, comment and follow.

   This is MARKETING MERCHANT signing off.

                            S.Merchant.


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