A major news event has had a significant impact on Adani Group‘s shares, with the Hindenburg report triggering a sharp decline in the stock market.
Within just a few seconds of the market opening on Monday, Adani Group’s value plummeted by ₹1.28 lakh crore.
The shares of Adani Group experienced a drop of 4 to 6 percent, causing the group’s market capitalization to fall below ₹16 lakh crore.
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The Hindenburg report has evidently had a detrimental effect on the company, leading to a swift and substantial loss in value. This decline in shares has reduced the group’s market cap below ₹16 lakh crore.
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