Adani Group shares fall: All 10 listed stocks of Adani Group declined today following reports that Adani Group has been given a clean chit in various investigations in India, but the US regulator is still probing some cases . Shares of some of Adani’s companies fell by up to 10 per cent, due to which the market capitalization of the Adani group fell by around Rs 52,000 crore in a matter of minutes. However, when Adani Group was questioned about this, the spokesperson said that no such investigation has been done.
The biggest selling in the last four months was seen in Adani Group today. The stock of Adani Enterprises lost the maximum 10 percent. Even at the time of this writing, the stock was down about 8 percent. Apart from this, there has also been a big decline in the shares of Adani Power and Adani Power.
The regulator of the US market is interested in knowing the information given by the Adani Group to the big investors based in the US after the Hindenburg Research report. After the arrival of this report, the stocks started falling today. The Adani group has been accused of manipulating share prices through offshore companies. The American regulator will also investigate whether this allegation is true or not.
What do experts think?
According to a GCL Broking report, the recent fall in Adani Group shares is just a short-term trigger. It will take time for anything concrete to emerge from this investigation. Today was a shocking Friday for the Adani Group. Earlier on February 9, 2023 also, Adani shares had fallen heavily and the group’s market capitalization fell by Rs 59,538 crore. The Hindenburg Research Report was responsible for the sales at the time.
How did the Adani group react?
Adani Group, headed by Gautam Adani, denied reports that any information was sought from US investors. He claimed that the disclosures issued by the Adani Group are complete and complete.
The US Attorney’s Office in Brooklyn, New York has sent inquiries to major investors in recent months, according to a new report. In this, information has been sought about what the Adani group said in its defence. However, this investigation does not necessarily lead to civil or criminal proceedings as it often takes time and no action is taken.