The wealth of veteran industrialist Gautam Adani increased by $ 43 billion or about Rs 3 lakh crore this year. This made him the second richest person in Asia. But analysts believe that many risks are also hidden in the skyrocketing of Adani’s wealth. Adani’s total assets are $ 76.7 lakh billion i.e. Rs 5.60 lakh crore. In this increase in Adani’s wealth, there is a role of 330 percent increase in the assets of his company Total Gas Limited. His flagship company Adani Enterprises has grown by 235 per cent this year. On the other hand, Adani Transmission Limited grew by 263 percent this year.
Large stake of foreign funds in Adani Group companies increased risk
Even though Adani’s wealth has increased tremendously this year, it is also risky in the eyes of analysts. Bloomberg Intelligence analysts Gaurav Patankar and Nitin Chanduka wrote after reviewing the company’s technical indicators that the Adani Group companies, especially these three The price of the shares of the companies seems to have increased significantly. That is, this is not their real value. The note said that some of the major investors in Adani Group companies include Mauritius-based funds. These funds hold 95 per cent stake in these companies. Only a few funds hold such a large stake and the negligible share of domestic investors makes it risky. This is the reason why big investors seem to distance themselves from Adani’s company. The manner in which Adani has outperformed Warren Buffett and Mukesh Ambani in terms of wealth accumulation this year has given more strength to the risk theory.
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Rise in share prices not real?
Analysts wrote that overseas funds hold the bulk of the company’s shares. This reduces public shares and increases the risk of volatile shares in the company. Illera Opportunities Fund, APMS Investment Fund, Cresta Fund, Albula Investment Fund, LTS Investment Fund and Asia Investment Corp hold more than 95 per cent stake in Adani Group companies, according to data gathered by Bloomberg Intelligence. Shares of Adani Group trade 150 to 200 per cent above the 200 day moving average. From the perspective of statistics, it seems to have increased. Even Tesla shares were trading at 126 per cent higher than the 200-day moving average when it reached the top.
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