Subscribe To Our Free Newsletter |
Adani Total meets Hindenburg’s predicted valuation with 85% plunge in stock
While shares and bonds of some Adani companies have since recovered, particularly after the ports-to-power group received investments from GQG Partners, Adani Total Gas remains the hardest hit. The latest headwind for the company is the policy announced by New Delhi’s state government seeking mandatory conversion of all commercial vehicles to EVs by 2030. Its shares have lost about 6% this month.