Adani Transmission falls over 41% in 3 days

Shares of Adani group firms have faced heavy drubbing since Tuesday’s close last week after US-based short seller Hindenburg Research made damaging allegations against the conglomerate.

Most of the group firms fell for the third day running on Monday.

Since Tuesday’s close last week, shares of Adani Transmission have tumbled 41.66 per cent, Adani Total Gas tanked 39.57 per cent, Adani Green Energy declined 37.55 per cent and Adani Ports fell 23.75 per cent on the BSE.

The calculation takes into consideration Tuesday’s closing price to Monday’s intra-day lows of all Adani firms.