The finance professor at the Stern school of business said fundamentals 'never come into play' for Indian markets.
The Adani Group didn't play a "con game" but has exploited the "weakest links" in India's institutions to its advantage, according to NYU's 'Dean of Valuation' Aswath Damodaran.
The finance professor at the Stern school of business said fundamentals "never come into play" for Indian markets. "Nobody wants to talk fundamentals, nobody wants to be bearish about a company and say that stock looks overpriced. It's not healthy for a market when that plays are over and over and over again," Damodaran, told CNBC's Streets Sign Asia" on Thursday.
The finance professor at the Stern school of business said fundamentals "never come into play" for Indian markets."Nobody wants to talk fundamentals, nobody wants to be bearish about a company and say that stock looks overpriced. It's not healthy for a market," Damodaran, told CNBC's ""That's why I said Adani is not about the company … this is about the weakest links in the India story. And from my perspective, this is not a con game.
Art school teacher Sagar Kambli gives final touches to a painting of Indian businessman Gautam Adani highlighting the ongoing crisis of the Adani group in Mumbai on February 3, 2023.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
NYU to launch Web3 learning workshop in partnership with NEAR protocolIn addition to a hands-on course on blockchain and digital assets, students involved in the Professional Students school will have access to NFT rewards developed on the NEAR ecosystem.
Les mer »
Atmosphere valuation climbs to $1 bln after doubling streaming TV customer countRarified Atmosphere Inc., which does business under the name Atmosphere, on Tuesday said its private market valuation rose to $1 billion in a Series D...
Les mer »
2022 Indian EV Market Share — Start Of The S Curve Evolution2022 has been an exciting year for the Indian EV market. Hence it makes sense to take stock of things are
Les mer »
Mistakenly identified fossil revealed Indian subcontinent formed laterFor the second time, a mistake in dating rewrites the history of the Indian subcontinent, as per the researchers
Les mer »