Adani Group's flagship company, Adani Enterprises, will release its financial results for the third quarter of the current financial year (Q3FY23) on February 14. In the previous quarter, Q2FY23, the company recorded a net profit of Rs 469.20 crore.
The company has been in the spotlight since January 24 when the US-based short-seller and market research firm Hindenburg Research released a report stating that the conglomerate's shares are overvalued. It added that the group has manipulated the stock price by up to 85 per cent.
Since then, the valuation of Adani Enterprises has nearly halved. The share price has fallen