Adani Group Faces Major Market Drop: What’s Going On? 🚨
- 21% Drop in Market Cap: Adani loses ₹3.4 trillion in value! 💸
- Biggest Losers:
- Adani Green Energy: Down 50%! 🌱
- Adani Cement: ACC -23%, Ambuja -15%! 🏗️
Why Are Adani Stocks Falling? 🤔
- Regulatory Scrutiny: Allegations of money laundering & frozen Swiss accounts (US$310 million).
- Bribery Claims: US SEC accuses Adani of bribing officials and misleading investors.
- FII Sell-Off: Foreign investors pulling back from Adani stocks.
- Market Headwinds: High interest rates, geopolitical tensions, and slowing growth impact sectors like energy.
Adani’s Strategy for Recovery 🔮
- Exiting agriculture, focusing on cement, green hydrogen, & solar.
- Targeting 50 GW renewable energy by 2030, with ₹900 bn EBITDA in 2-3 years. 🌍
Recovery in Sight? 🔄
- Adani stocks have seen a recent ₹400 billion rebound, but is it sustainable? ⏳
