Colossal loss! Investors in Adani stocks lose Rs 10 lakh crore in 7 days as market cap halves
During the day, Adani Enterprises was the top loser in Adani’s group of stocks as the Nifty50 stock was locked in 20% lower circuit at Rs 1251.80. The stock is down over 70% from its 52-week high. The company’s Rs 20,000 crore FPO, which was withdrawn earlier in the week, was priced at Rs 3,112-Rs 3,276.
