Adani shares have taken a severe hammering and a plunge, triggering indeed a bear run of the stock markets. Hindenburg a notable short seller created a severe downside volatility, in order to capitalise on short selling of Adani stocks, which were not owned, but borrowed by them at the time in the hope of buying them at a lower price before the delivery time. One strategy to capitalise on a downward trending stock is selling short. What you sow you reap, today gaining on limited exposure in a bear market doesn't guarantee one's profit margin which could be maintained in the long run. But Hindenburg was instrumental in dislodging Adani off the top 20 in the 100 billion world's richest list. He now seems to go for the kill, targetting Vinod Adani who deals with overseas investment in shell companies of the Adani group based abroad, like Singapore, Bahamas, Dubai channeling crucial foreign exchange home, for servicing loans, etc. A resourceful Adani could pull through leveraging prospective capital out of his innumerable companies embedded in airports, seaports & others at his disposal to shore up his dwindling bear-hit fortunes.
