Classic PE not the correct gauge to value Adani stocks: Rajiv Jain

The stock first of all did run up quite aggressively last year and year-a-half and some of them were Adani Green that ran up along with the other similar names in Europe and other places. So, there was a big influx of ESG money whether index or active into these kind of names and that obviously made some of these stocks a bit expensive versus their own history and then this short-sale report came out which obviously was very strongly worded in my opinion.

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