Majority of Adani grp cos end lower

Shares of most of the Adani group firms ended lower on Monday, with the group companies’ combined mcap witnessing a sharp fall of `9.5 lakh crore after US-based short-seller Hindenburg Research’s adverse report.

Forex traders said the Hindenburg Research report has soured market mood towards Adani Group stocks, leading to a sharp decline in the stock prices.

At the end of Monday’s trading session, six of the 10 Adani group companies ended in the negative territory, with Adani Transmission slipping 10 per cent, while the shares of Adani Total Gas, Adani Power, Adani Green Energy and Adani Wilmar declined 5 per cent each.