An analysis of four patches of Adani Energy Ltd shares between March 1, 2020 and December 31, 2022

Before the Hindenburg Report and Adani shares fell

[{"selector":"#anim-33f8ca83-140d-4848-ae69-a61d5e4663bf","keyframes":{"transform":["translate3d(115.18987%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-17a3a434-822e-499f-a52a-07f28bddd8be","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-85caa1ed-4aea-43ec-a2c0-ea327deb4cca","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Government company LIC suffered the most from this

[{"selector":"#anim-e10da64f-1b28-46e0-bc96-9ce20d67093d","keyframes":{"transform":["translate3d(114.10658%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ab9e8983-b831-439d-b432-7e505cedf036","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0c195bf5-0fe4-4491-afe7-ed82359d01e0","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

LIC had sold 50 lakh AEL shares

[{"selector":"#anim-648f961e-aca8-4280-9588-687c3122ee19","keyframes":{"transform":["translate3d(129.07801%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7433d650-5316-4aa2-a319-608ce240dabe","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-54b711fb-7f0a-41fa-995d-ff5f24c0c606","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Then its price was around 300 rupees

[{"selector":"#anim-8328cad8-26a1-49d4-b88e-318773e79c93","keyframes":{"transform":["translate3d(121.73912%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c3e4424d-8555-45da-b2a0-d60979906b5b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-612ae0c6-55ef-4310-b8ba-b77a3799ceaa","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

At the same time, the company had bought 4.8 crore AEL shares when the share price was from Rs 1,031 to Rs 3,859

[{"selector":"#anim-a2bdecd7-277e-4033-87ba-8238c8165abf","keyframes":{"transform":["translate3d(115.18987%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7ff5afdb-6cfa-49e3-a9b2-46610b95607e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9272dedb-3f3e-4b4b-91b8-2ae094fe5e8e","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

The Supreme Court had appointed an expert committee headed by former SC judge AM Sapre, which has done this analysis.

[{"selector":"#anim-656303d0-371d-47a6-b479-658aa34de02a","keyframes":{"transform":["translate3d(118.54304%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ee600be0-f5c7-4051-8c40-2835ce5ac64d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-08208552-003c-40e0-b777-e787680e3602","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Click Here

[{"selector":"#anim-b4993e84-12e8-44d8-892e-cfda6a1214a8","keyframes":{"transform":["translate3d(160.21506%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .8, 1)","fill":"both"}] [{"selector":"#anim-787810b6-9424-481d-8fa7-857af80bf201","keyframes":{"transform":["rotateZ(180deg)","rotateZ(0deg)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .5, 1)","fill":"forwards"}] Learn more