After recovering for two straight sessions, shares of Adani Group companies resumed their slide on Thursday, with flagship Adani Enterprises slumping nearly 11 per cent as index provider MSCI Inc decided to review the weightage of the conglomerate’s stocks in its indices.
Shares of nine of the 10 group firms closed in the red on the BSE even as the benchmark Sensex rose more than 142 points.
Manish Chowdhury, Head of Research at brokerage Stoxbox, said the group’s stocks have lost around Rs 9.4 lakh crore or about 49 per cent of their combined market capitalisation since January 24.
