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Explained: Why Adani Group Stocks Fell on Monday, and Why It Matters

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The Adani Group is having a tumultuous week.

Following media reports that three foreign funds that owned over ₹43,500cr ($5.96bn) worth of shares in four Adani Group firms had been frozen, the stocks of all six of the conglomerate's listed companies climbed down.

However, following the Group's forceful denunciation of the accusations, its individual stocks recuperated most of their losses.

All in all, the intraday day movement for Adani's stocks on Monday was more than 40%. Quite the rollercoaster ride!

What's app the hullabaloo about?

Click link to know: https://transfin.in/explained-why-adani-group-stocks-fell-on-monday-and-why-it-matters

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