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.
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