Their is no end in the problems for Adani group. Latest in the league is downgradation by S&P
Now what is happening that big trouble looms for Adani Green stock but you can not short it being in ASM and thus Adani enterprises will again get a downward circuit as all those holding these stocks will like to hedge by shorting in Adani Enterprises.
Sebi should look into this aspect that when a particular stock is put in ASM they should make sure that all stocks of same group are given due diligence.
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Adani enterprises is the dadaji of all group companies and among all we see value only in Adaniport which can be accumulated at lower levels only. If entering in Adaniport then enter with atleast 2-3 years perspective because once a group gets thrown from 100th floor, it will take some time to recover. Now definitely you will not see Adani enterprises touching 4000 level soon. So definitely do not get into the value averaging mode.
Adani Port is back on the Top Gainers list
Shares of Adani Ports gained as much as 6% today, making it the 2nd-most gaining stock of the day. The rally in the stock comes after the port maintenance company released its report stating that the company handled approximately 27.6 MMT of total cargo in January 2023, recording a growth of 11% Y-o_Y basis.
