InvestorQ : Why did most of the Adani group stocks correct sharply on Monday?
Rashi Mehra made post

Why did most of the Adani group stocks correct sharply on Monday?

Answer
image
Archita Jajjoo answered.
1 month ago
Follow
It was not a very great or memorable day for the Adani group stocks with some of them falling as much as 10% on Monday. Incubator Adani Enterprises fell for 7th day in succession and has now lost more than 20% from peak. The other star performer, Adani Total Gas, also cracked 10% while the green energy driver Adani Green fell by 9%. Stocks like Adani Green are now 32% below peaks. Recently listed Adani Wilmar and Adani Power also were locked in 5% lower circuit. More than real triggers this fall was about debt related concerns and profit booking after a sharp rally.
6 Views