In the aftermath of Hindenberg's report, the ongoing selloff in Adani Group stocks further pressured domestic equities, with a greater impact on the Nifty 50 index. Shares of most Adani Group companies hit their lower circuit again, despite several assurances issued over the weekend to boost the confidence of broader stock investors.
Adani Enterprises was down over 4 percent, and the flagship company’s share value has fallen over 48 percent in the past five days, and over 60 percent since a report was released by US short-seller Hindenburg Research. All other listed group companies – Adani Power, Adani Transmission, Adani Wilmar, Adani Green Energy and Adani Total Gas – hit their respective lower circuits of 5 percent and 10 percent.
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