Another 'big report' coming soon, says Hindenburg Research in a cryptic tweet

Hindenburg research has claimed that a new report on another target will be released soon. The U.S. Short seller took to twitter and said , 'New report soon—another big one'.

However, the tweet hasn't revealed details about the timing of the report or any other information.

Hindenburg's report on Adani group accused the conglomerate of accounting fraud and stock price manipulation. Post the report, more than $150 billion from the Indian conglomerate’s market value was wiped out.

Adani Group had strongly denied all the allegations, saying that they were "nothing but a lie." The Group said the report was driven by "an ulterior motive" to "create a false market" to allow the US firm to make financial gains.

According to the Hurun Global Rich List released just yesterday, Adani lost Rs 3,000 crore of wealth every week in 2022-23 and his overall networth saw a 60% erosion from its peak.