Hindenburg Research effect: Despite FPO success Adani Group stocks crash nearly 26% losing close to ₹2,180 per share
Image Credit: the north east affairs
Most Adani Group stocks slumped on February 1 as concerns over stock volatility continued despite its flagship Adani Enterprises successfully closing Rs 20,000-crore follow-on public offering (FPO) yesterday. The largest companies in the conglomerate are now seeing a $84 billion decline. Adani Enterprises experienced a nearly 26 percent decline, closing at Rs 2,180.20 per share on the BSE.