1:10 Split, 1:1 Bonus, 23 Dividends: Hindenburg Or Not, Adani Stock Sails With Gains, From Rs 1-To-3200; BUY?

Hindenburg's report was probably the biggest nightmare conglomerate Adani Group could have faced. Extreme selling press, sharp corrections, and a pile of allegations, it was an uproar the Gautam Adani-led port-to-energy empire suffered in a few months. There are bits and pieces of the Hindenburg report's impact on Adani stocks still, not to forget, the case hasn't closed completely yet. But Hindenburg or not, the share prices of Adani have sailed a long way, especially, the Group's flagship company, Adani Enterprises.

And there is more to come!

What happened with Adani stocks is an great example of patience and confidence in your investment in short term hiccups. It is a testing period of why it is important to ignore the chaos or voices of panic when the fundamentals of a company is strong.

And if you have stayed invested in Adani Enterprises since 2000s, chances are you have made it big. Since early 2000, Adani Enterprises has provided bonus issue in the ratio of 1:1, split by 1:10 and even paid up to 23 dividends so far.

Also, the technicals of Adani Enterprises are in the mid-range, not overbought neither oversold. However, as per Trendlyne, it is trading below 5 out of 9 Oscillators in bearish zone.

Among fundamentals, Adani Enterprises is trading below its fair value and performing below its sector growth. It means Adani Enterprises is still under value. Apart from this, the company's earnings have been robust, and better-than-estimates. Among the drawbacks would be its price-to-equity ratio which is more expensive than industry, and return-on-equity which is low. However, Adani Enterprises EPS and RoE is expected to grow in the next three years. There is a strong buy recommendation in Adani Enterprises.