Why Adani Transmission Share Price Is Falling?

Shares of the company are down over 28% in the last month.

FIIs (foreign institutional investors) sold equities worth Rs 45,200 crore in May. This is the second biggest monthly outflow since March 2020.

The selloff by foreign investors was a result of the US Federal Reserve's decision to raise interest rates to contain inflation and avoid a recession in the US economy.

As a result, both the Nifty 50 and the BSE-Sensex fell more than 3% during the month.

While companies in the financial services and IT sectors have borne the maximum brunt of the sell off, stocks that were overvalued have also seen a dip in the share price, irrespective of the sector they belong to.