Why Billionaire Gautam Adani-Led Group's Stock Prices Are Falling

Adani group stocks have witnessed a sell off. Whats behind this?

Making sense of Adani group stocks is a dilemma on two aspects.

First, the group is diversified across so many sectors that it becomes difficult to understand which Adani group company will be the key beneficiary if the conglomerate makes a big announcement.

For instance, Adani Enterprises, the flagship company of the group, has exposure to sectors such as transport and logistics, energy & utility sectors, among others. The company is also leading a decarbonisation initiative of industries and mobility through Adani New Industries.

The other aspect is the meteoric rise of all Adani group stocks. Despite the group being saddled with debt, and all stocks from the group trading at astronomical valuations, they have seen a spectacular rise in their share price.