Shares of Adani group companies were trading mixed on the BSE in Monday’s intra-day trade after the group, on Sunday night, issued a detailed riposte to the Hindenburg Research report. In its 413-page response the Gautam Adani led group said it was shocked and deeply disturbed to read the report published by the “Madoffs of Manhattan”. It further said the report by Hindenburg Research was nothing but a lie.
Among group stocks, Adani Total Gas, Adani Transmission and Adani Green Energy tanked up to 20 per cent on the BSE in the intra-day trade today. In the past one week, stock prices of these three companies have plunged up to 40 per cent.
