Outstanding interview. I probably have consumed about a 100 pieces of content on Adani issue and yet Prof Damodaran makes so many fresh and deeply thought out points here.
Thought provoking and in depth views. Majority of us cannot handle the truth. You have to do straight forward analysis. We require cultural change. Actions should be more pragmatic. Sometimes these actions will be painful. Wonderful interview. A big Thank you!
And how hard does Mr. Thapar try to get something from Prof. Damodaran that would put the govt. and Mr. Adani down. Prof. Damodaran subtly and so eloquently established his class much above the lesser agenda of this interview!! But the fact that WIRE chose to bring this expert for an interview, is in itself applause-worthy. Thank you WIRE team!
Ada ni Sarkar has very sincere and hardworking Sevak and ministers who works 18 hours daily without any holiday. I wish my country would have similar sincere and hardworking ministers to drive my nation.
Such an outstanding interview!!! Thanks for bringing this to public. Indians deserve this kind of intellectual public discourse rather than the garbage which is being shared on popular media channels
Really. This channel is like what GODI media are. Only difference is this channel propagandas are nuance and dangerous and GODI media are obvious and dangerous. The channel is very much like America who invade country in the name of democracy and human right and all intellectuals of the world go gaga saying america is epitome of democracy.
Karan would still be singing the songs sung by Congress..none of what was explained by Prof. will work on him..that is the sole reason people don't like to watch..his pronouns are biased and selective outrage..
Aswath Damodaran has really opened up many new dimensions to the whole Adani Hindenburg saga, was worth listening to someone who really understood what he was talking about!
The 'con' here is the 38 odd shell companies with equity positions in Adani companies, to allow the Adani group to stay within the SEBI limit of 75% ownership - whilst in reality leaving the real float (v. the implied float) to well below 25%, perhaps even as low as 10 to 15%. As the investors (retail & institutional) - both domestic and foreign - got suckered into the stocks of these half-dozen odd Adani group companies, small demand would magnify to a hugely disproportionate increase in share price, leading to the momentum buying and feeding frenzy. The survival of the Adani group - given the assets and their favored status as operator of many infra projects in India - is perhaps less at threat; it's rather their ability to continue to borrow and finance their growth with cheap money - is at risk now. This will then manifest in their equity valuations coming down to the more traditional P/E multiples (more like 15-20 v. 300-500) - again, making short-sellers like Hindenburg boatload of money on their short bets (assuming their holdings are some derivatives of Sensex/Nifty traded shares of Adani.
Good Point ....BUT : I am of the fervent belief that REAL CON is : Our Public Sector Banks / Undertakings ( Like LIC with exposure of Rs 40K CRORE to the ADANI Group ) that RUTHLESSLY & MERCILESSLY ABUSE PUBLIC Funds - and there are NUMEROUS Near Recent Examples too .....Just My Humble Opinion
Your analysis is absolutely spot on. Even if you look at the daily/weekly price movements of Adani companies during the past 2-3 years from a statistical point of view (from a quant trading perspective), it resembled a penny stock run by promoters and front runners rather than a well reputed mammoth conglomerate.
Ada ni Sarkar has very sincere and hardworking Sevak and ministers who works 18 hours daily without any holiday. I wish my country would have similar sincere and hardworking ministers to drive my nation.
A very informative interview. Professor Damodaran is right when he says that family- owned companies need greater transparency in the way they function. The investor's trust in a company like Adani will increase if the group mends its ways and becomes more accountable.
Then it can't achieve greatness so fast... Tatas have a great business model, they too maybe with a few skeletons but definitely not on adani's scale. So it was greed and the fact that they wanted to make the most of Modi's regime
Thank you Karan for this interview, Professor Dhamodharan elucidated the entire Adani episode in such a simple and a holistic manner to enable ordinary people like us to comprehend.
Journalists who questioned Adani group have been slapped with millions of court cases. Please interview Paranjay Guhathakurta. He can tell you what happens when you take on an Adani.
Sudipto That's the ZAMINDAARI Norm...PERFECTED by the unscrupulous Bjpee & criminal jaggi vasudev...in India .be a slave....no wages...no right to ask questions....worse than the British. DISGUSTING!!!
@@stoppestering that case was in 2017 & also it's judicial order not related to govt in any way, Adani was withdraw all most all cases except this case there are reasons go through details
Business valuation explained so beautifully. So easy for a lay person to understand. Thanks Karan for inviting eminent experts to increase value of our understanding.
I think the larger question is what impact it will have on India's image in the international arena, particularly the credibility of its institutions like Sebi.
Gujarat model of crony capitalism ! LOL ! With unethical people at the helm, the corrupt are having a ball. Vishwagurus of sleight making India a laughing stock of the world !
Prof. Damodaran says if only someone had to ask these questions 4 years back, MP Moitra said in Parliament that she asked this about Adani in 2019 i.e. 4 years ago and no action was taken. Exactly what Prof said that the public thought it to be politically motivated. Very good analysis by the Professor. Not one sided in accusing or absolving Adani but bringing out the true perspective of the matter.
Gujarat model of crony capitalism ! LOL ! With unethical people at the helm, the corrupt are having a ball. Vishwagurus of sleight making India a laughing stock of the world !
India's growth story relies heavily on investor trust in transparency, governance, and the quality of it's institutions. When accusations like these are made, these institutions need to be seen to take them seriously rather than sweeping them under the rug.
Happily appreciate to respected journalist and seasoned professor Aswath who are putting forward his illustrious enunciation on the contextualized matter.
Brilliant Interview.... and Aswath Damodaran dispelled the fog around Adani episode/saga with such easy and erudite eloquence....Kudos to both of you ...
This guy should ask why is adani not suing Hindenburg in New York ? If he feels this is all fake. Adani knows that he cannot ask modi to forces the judges in the USA to give him a clean chit. Like it is done in Hindustan,
Hello Karan! Great interview with Dr. Damodaran who kicked the Indian Company Investors & Adani Groups in the belly: "Greed will always triumph and Failure & Success will come & go more frequently. Take Risk and Play the Game as long as possible and finally get kicked in the belly." And as he said it right "You just can't handle the TRUTH"! As a Short Seller, Hindenburg was very HONEST and OPEN with his Analysis and Conclusion. So, Who failed? Narendra Modi and his close friend Gautham Adani and the symbiosis these two have had for the past 10 years or so. What should happen from now on? Indian Opposition Parties must keep talking about Modi & Adani Affairs till the end of Apr 2024 National Election and work for a clean up at the Prime Minister's Office. RSS must think hard whether to field Modi as the PM candidate in the next year's Election, as a Third Term Candidate. Short Sellers must run down the share price of Adani Companies to the Prestige of Penny Stocks! Indian Economy is indeed very soft. We have to remind Dr. Damodharan that the Average Indian's Private Final Consumption Expenditure (aka the Take Home INCOME) is Rs. 330 per day (Per Capita Per Day) when the price of a 2000 calorie 3 meals cost Rs. 250 in 2023. How much money is left for housing, clothing, medical costs, transportation etc etc? By sheer Population of largely unskilled 1400 million Population, India has $ 3 Trillion GDP. This figure in itself does not say much about the robustness of Indian Economy! Foreign Investors must understand the Three Trillion Dollar Indian Economy more deeply before they invest in it. Adani Saga has done something good: At least hereafter Foreigners will look harder at Indian Companies and their business fundamentals before investing. Wait & Watch!
@@sachininthetube He did not categorically mention "he is a crook". But assume, there is truth in the allegations that the Promoters in foreign Tax Havens, pumping up the share prices, is true via Internal Communications, how will you name him or what you call him? Crook or not?
Excellent interview! Kudos to you, Thaparji, for your mature handling of the Adani Saga. (Referring back to your earlier interviews on this simmering Event.)
You are head and shoulders above everyone in India as a journalist. I salute you for your integrity, professionalism and unwavering commitment to being objective, honest and incisive . All of your interviews on the Adani sage are very good., This one is brilliant - with two giants on conversation. I pray for your safety.
After quite some time, listening to learned content on a tough topic. Good work by Karan in engaging an intellect like Prof Damodaran. One of the points to be taken from Aswath - as a nation we "should" believe that world will have to come to India.
Much awaited and expecting this interview - listening to highly knowledgeable and honest experts is so much learning and leaves much more to read to learn more. Thank you for bringing in Prof AD on the platform.
This professor is highly Knowledgeable like Tamilnadu Finance minister Mr. Palanivel Thyagarajan . Love to learn from these geniuses . Thanks to one and only Mr. Karan Thapar .
Hello everyone plz go through this message. I have to say something. My friend who is doing PhD in Banaras Hindu university is being harassed often by some professors who are Hindu, high caste because his topic is on Dalit literature, trauma theory. They pick every opportunity to pick on him personally and try to break him internally, oppress him, demotivate him. They traumatize him. It even troubles me and my friends when he told us about the incident so imagine how much damage it has done to his mind. This is how intolerant the incredible india has become which was know for its secularism, known for its beauty in diversity.How can I help? How can I bring this issue to public?
Sir Dr. Ambedkar also harassed by upper caste. So only step is fight back never give up. Like Rohit Vemula. There are incidents in Ambedkar life more than this read Dhanjay Kir book on Ambedkar. But always fight back. And I know your friend will be winner.
One thing which came out of this interview is that Karan thapar could not implicate the government and atleast, Ashwath D did not give that opportunity or rather he managed it well such that Karan did not politise this. Any ways, good interview, sends a clear message that public should be aware and raise questions especially lenders. Good awakening for such groups to be careful in future, there may be many hinderberg lurking
Damodaran hit the nail on the head : India’s market operates on euphoria and froth not on fundamentals. He testified on behalf of Unelco in Vanuatu circa 2010 and was a foremost valuation expert ..
Excellent conclusion by Professor Aswasth Damodaran.Very impartial and true thinking and advise. Our best wishes and congratulations to both Karan Thapar and Professor A.Damodaran.
Excellent throw from Aswath Damodaran. An interview is much appreciated,for the insight rather than simply thrusting an agenda. Many a times truth is sacrosanct owing to the fact that it is forever a cognitive dissonance. Denial is never emphatic until the truth is pitted against it.
Great interview. Good learnings from Prof Damodaran on how to handle controversial questions gracefully using just data. There is a lot to read between the lines though - one has to understand that as a professor he cannot comment without proof on veracity of Hindenburg allegations. Only time will tell if company's earnings reports are fudged or not, and if shell companies were indeed used to jackup share prices.
Spot on about Indian market. The market cheers the rising shares and shuns the not rising ones. I guess the same is happening in politics today in India..
Maybe Mr. Damodaran doesn’t know that Adani was instrumental in stifling criticism by filling defamation suits. And neither did you point it out. 45:17
Mr damodaran is giving benefit of doubt to adani where there is none..is it possible that FIIs would invest without being aware of adani s true standing..?🤔
@@dipjyotimitra186 But at the same time, Hindenburg is a so successful short selling firm and we don't need any North Indian's evaluation such as this one to shield the Samgis and notorious PM. Take Hindenburg to court in USA immediately and prove yourself and as per the your words It was an attack on India rather than Adhani, So Mr. Adhani shouldn't hide behind some clever evaluator, go, attack Hindenburg in court of law there and make India win there, as you say it was an attack on India. Mr. Modi should pronounce Adhani's name first and speak out loud and clear, urge Mr. Adhani to go to court first. No, we don't need Info of which law firm Mr. Adhani is going to approach or already approached and stagnant there for six months. We want "attack on India" should be cleared as soon as possible.
But the question remains that, after all, with the support of government, monopoly stands created violating the principles of equity and equality, and in this way, public intetest has been jeopardised.
Thanks for the valuable information and knowledge of financial management and market volatility independently. The factors affecting share manipulate, total value and trading value, but I don't understand the balance sheet manipulation
@@drsonaye30 Gujarat model of crony capitalism ! LOL ! With unethical people at the helm, the corrupt are having a ball. Vishwagurus of sleight making India a laughing stock of the world !
Hello everyone plz go through this message. I have to say something. My friend who is doing PhD in Banaras Hindu university is being harassed often by some professors who are Hindu, high caste because his topic is on Dalit literature, trauma theory. They pick every opportunity to pick on him personally and try to break him internally, oppress him, demotivate him. They traumatize him. It even troubles me and my friends when he told us about the incident so imagine how much damage it has done to his mind. How can I help?
Those who haven’t heard of Aswath Damodaran before, lemme put it this way, He is considered maverick of valuation. In fact no one else is above him in this world to gauge what a company is.
Good Point .....BUT that happened very far into the success story of Korea ( The Early 2000s and ongoing particularly with the SAMSUNG Group ). The 'Chaebols' - which still exist there are doing quite well too. SADLY, The Indian Version of the 'Chaebol' ( For want of a better description ) will NEVER EVER Change as long as Our Public Sector Banks / Undertakings ( Like LIC with exposure of Rs 40K CRORE to the ADANI Group ) that RUTHLESSLY & MERCILESSLY ABUSE PUBLIC Funds by INDULGING the WHIMS of Our 'Honourable ' Netas whose agendas are driven entirely by megalomaniacal and monetary objectives. The BEAUTY in all of this is : The 5th Largest Economy with the Largest Demographic Dividend can AFFORD such for the Next TWO Decades - at least. As Prof Damodaran stated : " It is a marriage made in HEAVEN " - So VERY TRUE
Dr. Damodaran's credential are too good for any one to brand him 'anti India'. His take on the whole 'Adani affaire' is the best I ve come across, in recent days. Unless, this crony capitalism is removed from our Public affairs, we wil be no better than our neighbours in the subcontinent. Hindenberg is 'code red' for our Stick markets, Regulatory agencies and above all our ' Neta log'.
Karan ji! Prof damodaran! What did I gather is to remain honest clean sacrosanct gentleman' thirsty for following rules only and always be on high principles and clear morality .But to have all of them in our prayers ,we must set up an example which can be seen in realty as to condemn penalise and correct all those who don't have the above thus adani's mystery must be opened solved and corrected as an glaring example for others to follow.
A known Modi baiter(and by extension his so-called 'friends') like Karan Thapar redeems himself a bit with this interview. Prof Damodaran articulates the nuances around the Adani - Hindenberg saga very nicely. Easy for laymen like us to understand.. 👏👏👏
Hope, non- performing and privileged Indian bureaucrats and Financial regulators have listened to the precious views and suggestions of Dr Damodaran. In India we need no less than a disaster or catestrophe to wake them up from slumber.
@@moviesenthil The problem is the government and the regulations have no will or inclination to probe into the fiasco and find out the truth because the truth like stock manipulation, shell companies, and tax avoidance/evasion is expected to be unpalatable. On the whole, India does not appear to have robust corporate and regulatory laws. Politicians are not being prevented from being in bed with Indian business tycoons. The future of India appears to be bleak. India needs to put its house in order first before thinking of overtaking China.
@@takahapana557 What a joke! No illegality has been pointed out as yet, and the government has no actionable item on its table for this "fiasco" which hasn't even stopped operations of the Adani group. They have paid all the interest on time too. They're hardly anywhere near the scale of collusion the CCP has with its enterprises - using its business houses as tactical weapons to hurt other countries too! India has a lot to learn from them, and we won't learn those big tricks, thank God! Which companies are laying off people? Not Adani group!
The professional evaluation in this interview is excellent and investors should not worry on Hindenburg propaganda as well as opposition parties in India. Honest evaluation is very important. Share prices many times depend on investors sentiments and not on proper analysis of equity prices.
Great analogy of hip attachment of Adani and govt is the real deal where the institution (SEBI, RBI, etc) is not doing their due diligence, and the independent directors are also in the same boat.
Outstanding interview. I probably have consumed about a 100 pieces of content on Adani issue and yet Prof Damodaran makes so many fresh and deeply thought out points here.
Thought provoking and in depth views. Majority of us cannot handle the truth. You have to do straight forward analysis. We require cultural change. Actions should be more pragmatic. Sometimes these actions will be painful. Wonderful interview.
A big Thank you!
yes indeed
And how hard does Mr. Thapar try to get something from Prof. Damodaran that would put the govt. and Mr. Adani down. Prof. Damodaran subtly and so eloquently established his class much above the lesser agenda of this interview!! But the fact that WIRE chose to bring this expert for an interview, is in itself applause-worthy. Thank you WIRE team!
Ada ni Sarkar has very sincere and hardworking Sevak and ministers who works 18 hours daily without any holiday.
I wish my country would have similar sincere and hardworking ministers to drive my nation.
Such an outstanding interview!!! Thanks for bringing this to public. Indians deserve this kind of intellectual public discourse rather than the garbage which is being shared on popular media channels
Really. This channel is like what GODI media are. Only difference is this channel propagandas are nuance and dangerous and GODI media are obvious and dangerous.
The channel is very much like America who invade country in the name of democracy and human right and all intellectuals of the world go gaga saying america is epitome of democracy.
Karan would still be singing the songs sung by Congress..none of what was explained by Prof. will work on him..that is the sole reason people don't like to watch..his pronouns are biased and selective outrage..
Aswath Damodaran has really opened up many new dimensions to the whole Adani Hindenburg saga, was worth listening to someone who really understood what he was talking about!
The 'con' here is the 38 odd shell companies with equity positions in Adani companies, to allow the Adani group to stay within the SEBI limit of 75% ownership - whilst in reality leaving the real float (v. the implied float) to well below 25%, perhaps even as low as 10 to 15%. As the investors (retail & institutional) - both domestic and foreign - got suckered into the stocks of these half-dozen odd Adani group companies, small demand would magnify to a hugely disproportionate increase in share price, leading to the momentum buying and feeding frenzy.
The survival of the Adani group - given the assets and their favored status as operator of many infra projects in India - is perhaps less at threat; it's rather their ability to continue to borrow and finance their growth with cheap money - is at risk now. This will then manifest in their equity valuations coming down to the more traditional P/E multiples (more like 15-20 v. 300-500) - again, making short-sellers like Hindenburg boatload of money on their short bets (assuming their holdings are some derivatives of Sensex/Nifty traded shares of Adani.
Good Point ....BUT : I am of the fervent belief that REAL CON is :
Our Public Sector Banks / Undertakings ( Like LIC with exposure of Rs 40K CRORE to the ADANI Group ) that RUTHLESSLY & MERCILESSLY ABUSE PUBLIC Funds - and there are NUMEROUS Near Recent Examples too .....Just My Humble Opinion
Your analysis is absolutely spot on. Even if you look at the daily/weekly price movements of Adani companies during the past 2-3 years from a statistical point of view (from a quant trading perspective), it resembled a penny stock run by promoters and front runners rather than a well reputed mammoth conglomerate.
Ada ni Sarkar has very sincere and hardworking Sevak and ministers who works 18 hours daily without any holiday.
I wish my country would have similar sincere and hardworking ministers to drive my nation.
A very informative interview. Professor Damodaran is right when he says that family- owned companies need greater transparency in the way they function. The investor's trust in a company like Adani will increase if the group mends its ways and becomes more accountable.
Then it can't achieve greatness so fast... Tatas have a great business model, they too maybe with a few skeletons but definitely not on adani's scale. So it was greed and the fact that they wanted to make the most of Modi's regime
Superb interview. Thank you Professor Damodaran for an insightful exposition. And you too Karan for making this happen.
No better person to talk on the subject of valuation than Aswath. Thankyou.
Thank you Karan for this interview, Professor Dhamodharan elucidated the entire Adani episode in such a simple and a holistic manner to enable ordinary people like us to comprehend.
santosha thangi.
Journalists who questioned Adani group have been slapped with millions of court cases. Please interview Paranjay Guhathakurta. He can tell you what happens when you take on an Adani.
Sudipto
That's the ZAMINDAARI Norm...PERFECTED by the unscrupulous Bjpee & criminal jaggi vasudev...in India
.be a slave....no wages...no right to ask questions....worse than the British. DISGUSTING!!!
Can u name atleast one who is slapped with court case for raising adani issue instead of blah blah u thug
@@basuh7526 - He already stated a name.
@@stoppestering that case was in 2017 & also it's judicial order not related to govt in any way, Adani was withdraw all most all cases except this case there are reasons go through details
Business valuation explained so beautifully. So easy for a lay person to understand.
Thanks Karan for inviting eminent experts to increase value of our understanding.
I think the larger question is what impact it will have on India's image in the international arena, particularly the credibility of its institutions like Sebi.
Gujarat model of crony capitalism ! LOL !
With unethical people at the helm, the corrupt are having a ball.
Vishwagurus of sleight making India a laughing stock of the world !
We’ll ban any report that come out against any of our institutions. It’s attack on sovereignty of our beloved country.
World is goal mal hai, we have much bigger then Adanis in foreign market's
no one cares - the FDI's know more abt economies that indians - they made this beast. they know when to take money out and throw money in.
@@cooazb8008 Adani is at the top ...almost
Prof. Damodaran says if only someone had to ask these questions 4 years back, MP Moitra said in Parliament that she asked this about Adani in 2019 i.e. 4 years ago and no action was taken. Exactly what Prof said that the public thought it to be politically motivated.
Very good analysis by the Professor. Not one sided in accusing or absolving Adani but bringing out the true perspective of the matter.
BJP ,PM,FM and SEBI silence is making the story more potent.
BOLEN TOH BOLEN KYA?
.......Why is Rahul NOT RAHUL NEHRU?
Why is Modi NOT NARENDRA PATEL?
Yes
"It was trading like Zomato on steroids" says it all.
😆 Good One ! Very TRUE !
In India who cares for a fair price valuation? What matter is whether the company is in the good book of Government or not.
Gujarat model of crony capitalism ! LOL !
With unethical people at the helm, the corrupt are having a ball.
Vishwagurus of sleight making India a laughing stock of the world !
India's growth story relies heavily on investor trust in transparency, governance, and the quality of it's institutions.
When accusations like these are made, these institutions need to be seen to take them seriously rather than sweeping them under the rug.
Happily appreciate to respected journalist and seasoned professor Aswath who are putting forward his illustrious enunciation on the contextualized matter.
One of the best interview with full of details. I salute both of you. It is pleasure to see this analysis. 👌👏👍
Karan you are the best journalist in India. Thank you for your hard work and smart thinking.
Better than arnab goswami?
@@nirmal886arnab who?
@@DippinSauc you know who is.. And I was being sarcastic
Brilliant Interview.... and Aswath Damodaran dispelled the fog around Adani episode/saga with such easy and erudite eloquence....Kudos to both of you ...
This guy should ask why is adani not suing Hindenburg in New York ? If he feels this is all fake. Adani knows that he cannot ask modi to forces the judges in the USA to give him a clean chit. Like it is done in Hindustan,
Hello Karan!
Great interview with Dr. Damodaran who kicked the Indian Company Investors & Adani Groups in the belly:
"Greed will always triumph and Failure & Success will come & go more frequently. Take Risk and Play the Game as long as possible and finally get kicked in the belly."
And as he said it right "You just can't handle the TRUTH"!
As a Short Seller, Hindenburg was very HONEST and OPEN with his Analysis and Conclusion.
So, Who failed?
Narendra Modi and his close friend Gautham Adani and the symbiosis these two have had for the past 10 years or so. What should happen from now on?
Indian Opposition Parties must keep talking about Modi & Adani Affairs till the end of Apr 2024 National Election and work for a clean up at the Prime Minister's Office.
RSS must think hard whether to field Modi as the PM candidate in the next year's Election, as a Third Term Candidate.
Short Sellers must run down the share price of Adani Companies to the Prestige of Penny Stocks!
Indian Economy is indeed very soft. We have to remind Dr. Damodharan that the Average Indian's Private Final Consumption Expenditure (aka the Take Home INCOME) is Rs. 330 per day (Per Capita Per Day) when the price of a 2000 calorie 3 meals cost Rs. 250 in 2023. How much money is left for housing, clothing, medical costs, transportation etc etc?
By sheer Population of largely unskilled 1400 million Population, India has $ 3 Trillion GDP. This figure in itself does not say much about the robustness of Indian Economy!
Foreign Investors must understand the Three Trillion Dollar Indian Economy more deeply before they invest in it.
Adani Saga has done something good: At least hereafter Foreigners will look harder at Indian Companies and their business fundamentals before investing.
Wait & Watch!
So where does he say Adani is a crook?
@@sachininthetube He did not categorically mention "he is a crook". But assume, there is truth in the allegations that the Promoters in foreign Tax Havens, pumping up the share prices, is true via Internal Communications, how will you name him or what you call him? Crook or not?
Thank you Karan - excellent interview!
Excellent interview! Kudos to you, Thaparji, for your mature handling of the Adani Saga. (Referring back to your earlier interviews on this simmering Event.)
I think that was one of the many finest interviews with tons of value to chew on.
Thanks, Mr. Karan Thapar and
Dr. Aswant Damodaran for an insightful interview.
Super Questions ....... and Brilliant insightful answers !!! Great going , Karan !
You are head and shoulders above everyone in India as a journalist. I salute you for your integrity, professionalism and unwavering commitment to being objective, honest and incisive . All of your interviews on the Adani sage are very good., This one is brilliant - with two giants on conversation. I pray for your safety.
Head, shoulder waist and feet above.
After quite some time, listening to learned content on a tough topic. Good work by Karan in engaging an intellect like Prof Damodaran.
One of the points to be taken from Aswath - as a nation we "should" believe that world will have to come to India.
Great interview … Damodaran sir is so clear and precise
Exceptionally talented, unbiased , holistic analysis of Adani / Hinderbug episode . You both deserve congratulations for this informative interaction.
MR DAMODARAN, FOR ME, THAT COURT SCENE FROM “A FEW GOOD MEN” IS OUTSTANDING. AND “YOU CAN’T HANDLE THE TRUTH”. IS QUITE A DIALOGUE.
Much awaited and expecting this interview - listening to highly knowledgeable and honest experts is so much learning and leaves much more to read to learn more. Thank you for bringing in Prof AD on the platform.
This professor is highly Knowledgeable like Tamilnadu Finance minister Mr. Palanivel Thyagarajan . Love to learn from these geniuses . Thanks to one and only Mr. Karan Thapar .
PTR increased the credit of TN from 5 lakh crore to 7 lakh crore in just 2 years ...Such a dumb
Fabulous interview with a brilliant, sensible and reasonable person.
Really esoteric and out of the world interview.
Hello everyone plz go through this message. I have to say something.
My friend who is doing PhD in Banaras Hindu university is being harassed often by some professors who are Hindu, high caste because his topic is on Dalit literature, trauma theory. They pick every opportunity to pick on him personally and try to break him internally, oppress him, demotivate him. They traumatize him. It even troubles me and my friends when he told us about the incident so imagine how much damage it has done to his mind. This is how intolerant the incredible india has become which was know for its secularism, known for its beauty in diversity.How can I help? How can I bring this issue to public?
Sir Dr. Ambedkar also harassed by upper caste. So only step is fight back never give up. Like Rohit Vemula. There are incidents in Ambedkar life more than this read Dhanjay Kir book on Ambedkar. But always fight back. And I know your friend will be winner.
Absolutely brilliant interview salute to both of you respected sir ❤
One thing which came out of this interview is that Karan thapar could not implicate the government and atleast, Ashwath D did not give that opportunity or rather he managed it well such that Karan did not politise this. Any ways, good interview, sends a clear message that public should be aware and raise questions especially lenders. Good awakening for such groups to be careful in future, there may be many hinderberg lurking
This was too good Karan ji... many thanks to both of you...
Thanks
Wow, what a great interview. Mucho Gusto Dr. Aswant, thank you for sharing your knowledge. Applaud your calm composure.
It was great interview and outstanding perspective put by Professor.
As is Modi the master of public deception
Adani is the master of market manipulation
Both vishwagurus helping national capitulation !
Damodaran hit the nail on the head : India’s market operates on euphoria and froth not on fundamentals. He testified on behalf of Unelco in Vanuatu circa 2010 and was a foremost valuation expert ..
Excellent conclusion by Professor Aswasth Damodaran.Very impartial and true thinking and advise.
Our best wishes and congratulations to both Karan Thapar and Professor A.Damodaran.
Very valuable analytical discussion.
Excellent throw from Aswath Damodaran. An interview is much appreciated,for the insight rather than simply thrusting an agenda. Many a times truth is sacrosanct owing to the fact that it is forever a cognitive dissonance. Denial is never emphatic until the truth is pitted against it.
As usual a pleasure and very illuminating to listen to Aswath Damodaran.
Excellent interview, the reality of our share markets and many Indian companies.
Great interview. Good learnings from Prof Damodaran on how to handle controversial questions gracefully using just data. There is a lot to read between the lines though - one has to understand that as a professor he cannot comment without proof on veracity of Hindenburg allegations. Only time will tell if company's earnings reports are fudged or not, and if shell companies were indeed used to jackup share prices.
Absolutely brilliant! AD is fab !
Very informative and interesting to hear from the experts
This guy is a god for MBA and Finance students. His words are like the commandments of god
Watch lot of videos available in TH-cam. He has an own channel..
Thanks!
Excellent unbiased interview. No rhetoric and emotional talk. Need more such experts to bring facts to the forefront.
A transparent, objective and an unbiased interview on the subject. Very rare these days
Spot on about Indian market. The market cheers the rising shares and shuns the not rising ones. I guess the same is happening in politics today in India..
Maybe Mr. Damodaran doesn’t know that Adani was instrumental in stifling criticism by filling defamation suits. And neither did you point it out. 45:17
Woh chalak hai
Obsessed about "Ambition & Control" No doubt about it!
Top class interview. Very very informative. Thank you!
Brilliant interview - simple and easy to follow, yet at great depth! Thanks
Mr damodaran is giving benefit of doubt to adani where there is none..is it possible that FIIs would invest without being aware of adani s true standing..?🤔
It's all about money- you only have to look at the ebb and flow . As long as he doesn't become a pariah they will throw money.
Prof. Damodaran is THE GOD OF FINANCE. His views on valuation is considered to be gold standard.
What he says matters a lot.
@@dipjyotimitra186 But at the same time, Hindenburg is a so successful short selling firm and we don't need any North Indian's evaluation such as this one to shield the Samgis and notorious PM. Take Hindenburg to court in USA immediately and prove yourself and as per the your words It was an attack on India rather than Adhani, So Mr. Adhani shouldn't hide behind some clever evaluator, go, attack Hindenburg in court of law there and make India win there, as you say it was an attack on India. Mr. Modi should pronounce Adhani's name first and speak out loud and clear, urge Mr. Adhani to go to court first. No, we don't need Info of which law firm Mr. Adhani is going to approach or already approached and stagnant there for six months. We want "attack on India" should be cleared as soon as possible.
Excellent interview Mr damodarans view excellent nd pure as per infra companies in world.
An excellent presentation, insightful and thought provoking with an in depth analysis.
But the question remains that, after all, with the support of government, monopoly stands created violating the principles of equity and equality, and in this way, public intetest has been jeopardised.
As is Modi the master of public deception
So is Adani the master of market manipulation
Both vishwagurus helping national capitulation !
Thanks for the valuable information and knowledge of financial management and market volatility independently. The factors affecting share manipulate, total value and trading value, but I don't understand the balance sheet manipulation
@@drsonaye30
Gujarat model of crony capitalism ! LOL !
With unethical people at the helm, the corrupt are having a ball.
Vishwagurus of sleight making India a laughing stock of the world !
Who has been defrauded? No operations have been affected by this fiasco in the media!
We must protect Adani as like many nations protecting their Desi industrialists.
Interesting conversation, thanks to you Great minds!
Superb interview! Thank you, Karan!
A VERY SENSIBLE TALK
Excellent and thought provoking Interview.. It' a eye opening for investors and thought provoking for the regulators for their self introspection...
DAMODARAN IS SMART LIKE BENJIMEN GRAHAM.VALUATING COMPANIES IS HIS WISDOM.HE SAYS ADANI GROUP VALUE IS 945RS.SO PRESENT PRICE IS STILL HIGH.
It's not enough if we know what to do. It's more of a necessity to know what not to do. I think the Adani group failed in the later.
Thank you Karan. Brilliant interview, best analysis so far on the Adani saga..
Hello everyone plz go through this message. I have to say something.
My friend who is doing PhD in Banaras Hindu university is being harassed often by some professors who are Hindu, high caste because his topic is on Dalit literature, trauma theory. They pick every opportunity to pick on him personally and try to break him internally, oppress him, demotivate him. They traumatize him. It even troubles me and my friends when he told us about the incident so imagine how much damage it has done to his mind. How can I help?
Those who haven’t heard of Aswath Damodaran before, lemme put it this way, He is considered maverick of valuation. In fact no one else is above him in this world to gauge what a company is.
😆😅🤣😂
@@roxymax8917what are you laughing at?
@@DippinSauc Himself
Family culture in business is highly prevalent in Korea as well. But penalty for violation and fraud are so severe that it keeps businesses honest.
In Korea if speak anything against you will be killed if it's okay to you then pack up your bags catch the next flight ✈️✈️✈️🛫🛫🛫
So you know all the details of Korean companies that you’re telling they aren’t involved in any kind of illegal activities?
@@rak366 bro. G.a.noon. First read my comments properly and then comment. Simply don't waste your valuable time and others.
Bro. I am sorry. You have not replied me. Once again sorry 😔😔😔
Good Point .....BUT that happened very far into the success story of Korea ( The Early 2000s and ongoing particularly with the SAMSUNG Group ). The 'Chaebols' - which still exist there are doing quite well too. SADLY, The Indian Version of the 'Chaebol' ( For want of a better description ) will NEVER EVER Change as long as Our Public Sector Banks / Undertakings ( Like LIC with exposure of Rs 40K CRORE to the ADANI Group ) that RUTHLESSLY & MERCILESSLY ABUSE PUBLIC Funds by INDULGING the WHIMS of Our 'Honourable ' Netas whose agendas are driven entirely by megalomaniacal and monetary objectives. The BEAUTY in all of this is : The 5th Largest Economy with the Largest Demographic Dividend can AFFORD such for the Next TWO Decades - at least. As Prof Damodaran stated : " It is a marriage made in HEAVEN " - So VERY TRUE
Karan would’ve been India’s best MP with best debates if we were a developed country.
Fabulous clarity by the prof... Thanks
Dr. Damodaran's credential are too good for any one to brand him 'anti India'. His take on the whole 'Adani affaire' is the best I ve come across, in recent days. Unless, this crony capitalism is removed from our Public affairs, we wil be no better than our neighbours in the subcontinent. Hindenberg is 'code red' for our Stick markets, Regulatory agencies and above all our ' Neta log'.
Enjoyed the conversation very much.Thanks.
Karan ji! Prof damodaran! What did I gather is to remain honest clean sacrosanct gentleman' thirsty for following rules only and always be on high principles and clear morality .But to have all of them in our prayers ,we must set up an example which can be seen in realty as to condemn penalise and correct all those who don't have the above thus adani's mystery must be opened solved and corrected as an glaring example for others to follow.
A known Modi baiter(and by extension his so-called 'friends') like Karan Thapar redeems himself a bit with this interview. Prof Damodaran articulates the nuances around the Adani - Hindenberg saga very nicely. Easy for laymen like us to understand.. 👏👏👏
Hope, non- performing and privileged Indian bureaucrats and Financial regulators have listened to the precious views and suggestions of Dr Damodaran. In India we need no less than a disaster or catestrophe to wake them up from slumber.
No Nonsense Interview! 👍
Excellent interview.
No smoke without fire, it is tempting to manipulate the market for personal gain.
So far, the fire is a mere kitchen in the office. No operations have been affected.
@@moviesenthil The problem is the government and the regulations have no will or inclination to probe into the fiasco and find out the truth because the truth like stock manipulation, shell companies, and tax avoidance/evasion is expected to be unpalatable.
On the whole, India does not appear to have robust corporate and regulatory laws. Politicians are not being prevented from being in bed with Indian business tycoons. The future of India appears to be bleak.
India needs to put its house in order first before thinking of overtaking China.
@@takahapana557 What a joke!
No illegality has been pointed out as yet, and the government has no actionable item on its table for this "fiasco" which hasn't even stopped operations of the Adani group. They have paid all the interest on time too.
They're hardly anywhere near the scale of collusion the CCP has with its enterprises - using its business houses as tactical weapons to hurt other countries too! India has a lot to learn from them, and we won't learn those big tricks, thank God!
Which companies are laying off people? Not Adani group!
Sophisticated description and Generalization of the illegal activities and dilution of severity of crime. That is what I heard
Don't think we got a very frank appraisal.
Yes.
Amazing sir, I wanted to hear and read about you more but think have started today ❤
Trust Karan to bring on imminent experts. Thank you Karan. Prof Damodaran is so objective in his observation.
Eminent. Imminent is something that is about to happen.
What a lovely interview!
Subscribed only for Karan Thapar
The professional evaluation in this interview is excellent and investors should not worry on Hindenburg propaganda as well as opposition parties in India.
Honest evaluation is very important. Share prices many times depend on investors sentiments and not on proper analysis of equity prices.
So much for saying tapar is anti Modi. He is an independent journalist without bias.
Karan's face is enough to get the story ... he is upset that he can not get any masala to beat Modi and this government
More and more jokes.
Great analogy of hip attachment of Adani and govt is the real deal where the institution (SEBI, RBI, etc) is not doing their due diligence, and the independent directors are also in the same boat.
Damodaran Sir, has very rightly cut the wire, to prevent shocks to progressive India.
Very well conducted interview without a hidden agenda and frank views from the speaker! Good show
wow amazing insights from Prof. Damodaran.
And thanks a lot for intellectual Treat.
Where is this spreadsheet? Love to have a look. Prof Damodaran is always outstanding 👏
His views are quite convincing, forthright and curated. In fact these have bowled me over.
Aswath Damodaran's report was Hindenburg part II for Adani.
did you understand?