Adani Enterprises Q3 results today: 5 things that may weigh on Gautam Adani stocks irrespective of results
Adani Enterprises, the flagship entity of Adani Group is scheduled to report its third-quarter earnings for fiscal 2023 today, on Tuesday, February 14. The group made headlines after US-based short-seller Hindenburg Research accused the Adani Group/family of stock manipulation and money laundering. The company’s stocks fell 50% in the aftermath of Hindenburg’s report, losing over Rs 9 lakh crore in market capitalisation in just a few days. Yesterday, four Adani stocks, Adani Green Energy, Adani Power, Adani Transmission and Adani Total Gas were locked in the lower circuit. Adani Enterprises shares tanked 10%, hitting an intraday low of Rs 1662.25 on NSE.
