{"id":550509,"date":"2023-01-28T10:17:19","date_gmt":"2023-01-28T04:47:19","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=550509"},"modified":"2023-01-28T11:19:42","modified_gmt":"2023-01-28T05:49:42","slug":"sweeping-sell-off-in-adani-stocks-group-loses-rs-3-37-lakh-crore-in-market-cap","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sweeping-sell-off-in-adani-stocks-group-loses-rs-3-37-lakh-crore-in-market-cap\/","title":{"rendered":"Sweeping sell-off in Adani stocks, group loses Rs 3.37 lakh crore in market cap"},"content":{"rendered":"<p>THE SELL-OFF across stocks of the Adani Group, triggered by a Hindenburg Research report that accused it of \u201cstock manipulation and accounting fraud\u201d, accelerated Friday with five of the nine listed group companies hitting the lower circuit, resulting in a loss of Rs 3.37 lakh crore in the group\u2019s market capitalisation. Over the last two trading sessions, on Wednesday and Friday, the Adani Group has lost Rs 4.17 lakh crore in market cap. <\/p>\n<p>Friday\u2019s fall comes a day after the Adani Group said it was planning to sue Hindenburg Research, a New York-based investor research firm that specialises in short selling, for its \u201cmaliciously mischievous\u201d report.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>THE SELL-OFF across stocks of the Adani Group, triggered by a Hindenburg Research report that accused it of \u201cstock manipulation and accounting fraud\u201d, accelerated Friday with five of the nine listed group companies hitting the lower circuit, resulting in a loss of Rs 3.37 lakh crore in the group\u2019s market capitalisation. Over the last two trading sessions, on Wednesday and Friday, the Adani Group has lost Rs 4.17 lakh crore in market cap. Friday\u2019s fall comes a day after the Adani Group said it was planning to sue Hindenburg Research, a New York-based investor research firm that specialises in short [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-550509","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/550509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=550509"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/550509\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=550509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=550509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=550509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}