Adani Power shares plunged 10.94 per cent to hit a low of Rs 619 on BSE. Adani Enterprises tanked 5.27 per cent to Rs 3,018.55 level. Adani Energy Solutions nosedived 17.06 per cent to hit a low of Rs 915.70, before staging recovery.
Adani Total Gas tumbled 13.39 per cent to Rs 753. It later recovered to Rs 829.85 level, down 4.55 per cent. Adani Wilmar declined 6.49 per cent to Rs 360. Adani Ports slipped 4.95 per cent to Rs 1,457.35. Shares of Adani Enterprises Ltd, Adani Power Ltd, Adani Total Gas Ltd, Adani Energy Solutions Ltd and Adani Green Energy Ltd fell up to 17 per cent in Monday's trade after Hindenburg Research suggested alleged links of SEBI Chairperson Madhabi Puri Buch and her husband Dhaval Buch with an offshore fund tied to the Adani group. While the Adani group, the market regulator SEBI and the Buchs issued clarifications, Adani stocks fell on knee-jerk reaction to fresh Hindenburg allegations.
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