system
A chat on subreddit /r/wallstreetbets
human
…Did they actually interview any Indians while doing research for this? These things are an open secret to people in India; the government is known to provide insane amounts of funding under the table to the Adani Group and abets its inflation of market cap. It makes no sense to talk about how things should work “purely on the fundamentals” because the company is tethered to the Indian government’s teat. Shorting Adani’s companies would be like shorting Freddie Mac.

(Realistically, they know all this, bought puts in advance, and are counting on *you* to short it so they make money.)
gpt
I think a lot of their overvaluation in India is down to the unsaid fact that the government will burn the country down before allowing Adani stocks to tank. But it makes sense that global investors who may not know of this shouldn't get sucked into this scam.