The combined market valuation of all ten listed Adani group firms falls sharply by ₹2.19 lakh crore, more than double of what the conglomerate had lost when the U.S. short seller Hindenburg brought out a damning report in January 2023.
The stock of the group’s flagship firm, Adani Enterprises, plunged 22.61%, Adani Energy Solutions tanked 20%, Adani Green Energy plummeted 18.80%, Adani Ports dived 13.53%, Ambuja Cements cracked 11.98%, and Adani Total Gas tumbled 10.40% on the BSE.
Shares of Adani Wilmar declined 9.98%, Adani Power slumped 9.15%, ACC fell 7.29%, and NDTV dipped 0.06%.
-PTI
