InvestorQ : How much did Adani group shares lose in market value in the last one week?
Mary Joseph made post

How much did Adani group shares lose in market value in the last one week?

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Arusha Ray answered.
6 months ago
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The sell-off in the Adani group stocks that commenced on Monday has continued relentless over the last four days. In fact, the 6 listed Adani stocks put together have lost Rs.159,000 crore, or $22 billion, worth of market capitalization in just 4 days of trading. The fall was triggered by reports in the press that SEBI had frozen 3 FPI demat accounts including Cresta and Albula, which had a combined exposure of Rs.43,500 crore to the Adani Group.

While the report triggered the fall in prices, the already lofty valuations of the Adani stocks only made the fall sharper. The six listed stocks of the Adani group have corrected anywhere between 8% and 22% in the week. There have been repeated clarifications from the Adani group management as well as from NSDL about these news reports being baseless. However, the markets are not willing to buy these arguments so easily.

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