15.1 C
New Delhi
Saturday, November 23, 2024
HomeTechHow Twitterati reacted to Fitch’s biting report on Adani group

How Twitterati reacted to Fitch’s biting report on Adani group


Soon after Fitch group firm a CreditSights came out with a scathing report on Adani group, “Twitter experts” hit the micro-blogging site with an avalanche of tweets — from memes to free advice. While some hail Gautam Adani, others advised investors to remain cautious while some others predicted that the group may fail.


Advait Arora (@WealthEnrich) tweeted: We all know @gautam_adani group is highly leveraged. What vital to know is how #AdaniGroup is utilising this debt. It’s leveraging debt for business expansion & if it has strong debt servicing plans then it’s not an issue. What is ‘unrelated’ is subjective to mgm’s vision !

Amit ArorA (@aarora_1977) tweeted, “A person who is elevated to #4 in the world from India…. There is no celebration at all…. Come on guys. Respect the hard work, dedication and enthusiasm. Many many congratulations to”

On the other hand, Mohan Gurubelli (@GurubelliMohan) wondered: Over for #AdaniGroup stocks?

Similar sentiments were echoed by Ravi Kumar (@ravikumar_su): Looks like the time has come 😃 #AdaniGroup

Buying opportunity

However, The Lost Me (@thelovelylostme) sees it as a buying opportunity. “Many investors will thank #Fitch report on #AdaniGroup soon……………… for giving an opportunity to enter at lower levels🔥😅 Personal view!”

Krushika AV (@KrishKrushik) said, “Why worry Govt of India working tirelessly for #AdaniGroup. In first few yr banks have written off loans worth 70,000+crore taken by Adani group it seems!”

A word of caution from Gostocks (@gostocksin). “Massive debt …stock prices have also priced many years of growth expectation….will be challenging for the group to deliver on sustained basis and market will keenly watch their performance #AdaniGroup success is already priced in….failure can be disastrous for the economy,” said the tweet.

Millennaires (@millennaires) tweeted, “Adani group is “deeply Overleveraged” warns CreditSights report. Why credit rating companies being reactive instead of proactive? Nothing is unusual in this news. ☹️”

Published on

August 23, 2022



Source link

- Advertisment -

YOU MAY ALSO LIKE..

Our Archieves