 "Adani")
The market cap erosion of Gautam Adani group stocks topped $106 billion (Rs 8.8 trillion) a day after flagship firm Adani Enterprises (AEL) pulled the plug on its fully-subscribed $2.4 billion (Rs 20,000-crore) follow-on public offering (FPO).
Stocks beginning with the Adani name lost between 5 and 27 per cent on Thursday, with AEL falling the maximum at 27 per cent and extending its six-day loss to 55 per cent. Barring AEL and Adani Ports, all these stocks hit their lower trading limit.
Newly-acquired ACC and Ambuja Cements managed to eke out gains of 0.1 per cent 5.3
Stocks beginning with the Adani name lost between 5 and 27 per cent on Thursday, with AEL falling the maximum at 27 per cent and extending its six-day loss to 55 per cent. Barring AEL and Adani Ports, all these stocks hit their lower trading limit.
Newly-acquired ACC and Ambuja Cements managed to eke out gains of 0.1 per cent 5.3
