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Adani’s decent comp earnings offer only moderate relief

an 14 feb Adani Enterprises reported solid earnings. Its port-power conglomerate was in 2022. Not solid enough to reassure investors: The Indian group’s market value has fallen by $130 billion since a short seller accused it of fraud last month (which the group denies). Her rebuttals slowed the slide, but did not stop it. To conserve cash, Adani will reportedly halt some capital spending.

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