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The Times of India

Business

PTI

Majority of Adani group firms end lower; group companies combined mcap dips by Rs 9.5 lakh crore

Adani Adani Group Hindenburg Hindenburg Research ACC Adani Green Energy Adani Transmission NDTV New Delhi United States

NEW DELHI: Shares of most of the Adani group firms ended lower on Monday, with the group companies' combined mcap witnessing a sharp fall of Rs 9.5 lakh crore after US-based short-seller Hindenburg Research's adverse report.

Forex traders said the Hindenburg Research report has soured market mood towards Adani Group stocks, leading to a sharp decline in the stock prices.

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