Adani Ports shares have turned the tide after hitting lows of Rs 395.10 as a fallout of the Hindenburg report in January last year. The returns have been to the tune of over 200%.
The Adani-led group s seven-listed stocks have lost over $100 billion in market value since a Jan. 24 report by Hindenburg Research accused it of improper use of offshore tax havens and stock manipulation. The group denied all allegations.
Adani Enterprises fell 5.4%, while Adani Green Energy and Adani Transmission declined over 4% each. Adani Power, Adani Wilmar, and Ambuja Cement also fell nearly 3%.