Thank you
@harit . Respect for bringing up such a fact based counter argument against all the FUD (Fear Uncertainty Doubt) remarks.
Regarding all those questioning Adani - Those who have invested in him are looking 10-15 years ahead. Energy and shipping infrastructure is what Bharat is bound to become a global leader and Adani has already become too big in this area to doubt or ignore. From this 'futuristic' perspective, I strongly believe that his shares are still heavily 'undervalued'. That's me. But this same 'assumption' would be a disaster for someone who wants a 'guaranteed' profit within a month or two.
An example - I bought TataTech at near 1400 levels and won't regret even if it comes down to under 700 levels within a year. I knew it was 'over-stretched' at the time of buying. I bought it with a target of 5+ years in mind. I'll be happy if it comes down further, giving me an opportunity to buy more.
I don't have enough experience to have any delusion of being 'wise'. But I do think that SEBI can't be held responsible for a two-day or even two-month panic of a handful of short sighted or impatient people, and cleverness of big players to exploit that.
I don't know enough to judge whether what SEBI did was right or not, but I do know that many malicious companies have taken huge advantage of the recent bull-run and something was desperately needed to be done about it. Even if the action is not completely right, lack of action would have been more disastrous, and then we'd be seeing bigger hue and cry later.