There is news of an investigation going on in the US against the Adani Group for the bribery allegation
As a result, many group stocks have observed a sharp decline in the past week📉
Adani Ports’ bonds listed on Frankfurt Stock Exchange (FWB) slumped in a day by 2.3% on 18th March. In the Indian market, the company’s share has also seen a 4.8% rise in a day subsequent to a sharp 7% fall on 13th March & again a fall today following the overseas market
So, uncertainty and volatility is going to prevail in the Adani group’s stocks in short run, a recap of last year’s Hindenburg report aftermath
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