Adani group stocks fall; Adani Power, Adani Wilmar decline nearly 5%

Most of the Adani group stocks ended lower on Tuesday following a report that the conglomerate is “deeply overleveraged” with the group predominantly using debt to invest aggressively across existing as well as new businesses.

Shares of Adani Power fell 4.99 per cent, Adani Wilmar went lower by 4.73 per cent and Adani Green Energy declined 4.15 per cent on the BSE.

Adani Power and Adani Wilmar hit their lower circuit limits during the day.

Also, Adani Enterprises fell 0.93 per cent and Adani Ports and Special Economic Zone dipped 0.32 per cent.

However, Adani Transmission jumped 3.23 per cent and Adani Total Gas climbed 1.73 per cent.