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Why does Aswath Damodaran, Professor of Finance at New York University’s Stern School of Business and a world renowned expert on Corporate Finance and Equity Valuation, disagree with the Hindenburg claim Adani is “the biggest con” in history? How serious are his doubts about Hindenburg’s allegations of stock price manipulation and earnings manipulation? Why is he unimpressed by what he calls Hindenburg’s “shock-and-awe” approach of throwing up, perhaps, hundreds of accusations? Why does he believe the true value of an Adani Enterprise share is Rs. 945? Finally, does he fear there could be more Adani-like incidents waiting to happen?