Hindenburg report row: Adani Group stocks sell-off enters third week

The Adani group stocks have shed Rs 9.4 trillion in market value since June 24

It was another day of declines for Adani group stocks on Monday, with six out of the 10 listed firms ending with losses.

Flagship company Adani Enterprises (AEL) saw its share price decline by 0.7 per cent to close at Rs 1,572.4, extending its year-to-date (YTD) loss to nearly 60 per cent. Adani Ports & SEZ, on the other hand, rose 9 per cent to close Rs 546. Adani Total Gas, Adani Green Energy, Adani Power and Adani Wilmar hit their 5 per cent lower limit, while Adani Transmission too hit a 10 per cent lower circuit.

Aswath Damodaran, a