InvestorQ : What exactly went wrong with the Adani group stocks during the previous week?
Khushi Patel made post

What exactly went wrong with the Adani group stocks during the previous week?

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Dhwani Mehta answered.
6 months ago
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It can be said that the listed Adani stocks may have perhaps had their worst time last week. What began as a news report of some FPI demat accounts with big exposure to Adani group being frozen, turned into a carnage. Adani group stocks lost over Rs.175,000 crore or $24 billion in one week. The reason was that the 3 funds that were apparently frozen by SEBI had a total exposure of nearly Rs.43,500 crore to the various companies of the Adani group.

Allegations and denials flew thick and fast. The Adani group and NSDL publicly denied this report but the sentimental damage was done. Despite repeated assurances, the Adani stocks did not even budge and inch towards the positive side. To be fair, you must also put this correction in perspective. Adani group saw market cap enhancement of over $100 billion in last one year. It is just part of that speculative froth going out, nothing else.

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