Amrit Profile picture
13 Jun, 5 tweets, 2 min read
Adani's fortune is fraught with many risks after a boost of $43 Billion in his fortune.

Adani's net worth of $76.7 Billion got a boost from a 330% jump in #AdaniTotalGas, 235% rise from his flagship #AdaniEnterprises & 263% increase in #AdaniTransmission this ongoing year.
These 3 companies looks way extended.

Among the biggest foreign investors are a few Mauritius based Funds holding over 95% of assets in these companies.

The overseas funds holds a chunk of shares into Adani Group firms.
Following are funds holding more than 95% of their assets in Adani Group firms:
Elara India Opportunities Fund
Apms investment Fund
Cresta Fund
Albula Investment Fund
Lts Investment
Asia Investment Corp.
Adani stocks trade at 150% - 200% above 200-day moving averages.

Infact, Tesla was 126% above the 200-day moving average when it peaked out this year.

@srivatsayb
©: @Bloomberg

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More from @HeyAmrit

13 Jun
A very sound explanation given by @RicherToday

Why billionaires can't end world poverty?

8 out of 10 believe that billionaires worldwide should help end world poverty, inequality & a host of global problems.
Surely Jeff Bezos can donate most of his $200B to the millions of malnourished in Africa and still lead a luxurious lifestyle.

So why doesn't he?
Contrary to what most people think, most of his wealth isn't liquid.

This means it isn't lying around as cash in bank account but rather as assets.

For example, almost of all Bezos's net worth comes from the value of the Amazon shares he holds.
Read 6 tweets

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