F&O Check: Shorts rise at Adani counters; AEL may hit Rs 2,600 level

Adani Enterprises, Adani Ports, ACC and Ambuja Cements witnessed significant build-up of OI in tandem with a fall in stock price so far this week, indicating build-up of shorts at these counters.

Shares of Adani Group companies witnessed a heavy sell-off in the last two trading sessions, after US-based research firm Hindenburg accused the Group of stock manipulation and accounting fraud.

The Hindenburg report stated that its two-year investigation revealed that Adani Group was "engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades". READ MORE

Interestingly, the four Group stocks listed in the F&O (Futures & Options) segment - Adani Enterprises, Adani Ports, ACC and Ambuja Cement witnessed build-up of Open Interest (OI) on the short-side since beginning of this week, i.e. couple of