Adani Group shares fall by up to 55% in just 3 months, here’s why the wheel of fortune reversed

Three months ago, shares of the Adani Group were at their 52-week high.  

New Delhi: Shares of several firms under the Adani Group have plummeted in the past three months. Shares of six of the companies owned by the country’s second-richest man have fallen by up to 52% during the said time period, making a dent in his personal wealth.   Notably, three months ago, shares of the Adani Group were at 52-week high three months ago. At that time, it appeared that there’s no stopping Adani. However, a single incident changed everything in a snap. For instance, Adani Power, which was once trading at around Rs 167.1 on June 9 closed at  Rs 77.30 on August 18, a fall of more than 55%  Fall in Adani Group stocks