Market bites back

Remember how we dedicated an entire story to Zomato? Similarly, we wanted to dedicate this entire story to Adani Group companies. We were very tempted, believe me, but we chose not to. Why? Well, haven't they faced enough? Seeing your stocks down 60 per cent in a space of a month has to be hard. You know what's worse? This is not the end. Look at Ambuja and ACC investors, two stocks that were having the time of their lives are getting beaten down because they are part of Adani Group. This is not going to stop us from making memes, we are just showing some mercy. But we will never show mercy to the company that excluded an entire acquisition to say they are profitable at adjusted EBITDA level.

This article was originally published on February 25, 2023.