Adani stocks see mixed reaction

Mumbai: A day after all the six Adani Group stocks faced a strong selloff, some of them recovered some ground, while at least three closed at the 5% lower circuit. Market players said after Monday’s selloff, investors are still cautious on these stocks, some of which have risen over 10 times in a year.

On Monday, initially the six stocks had tanked after NSDL froze accounts of three foreign funds with large holdings in

Adani

Group’s stocks. On Tuesday, Adani Enterprises closed 2.5% higher and

Adani Green Energy

closed 2.8% higher. On the other hand, Adani Ports & SEZ closed 1% lower but

Adani Total Gas

, Adani Transmission and Adani Power, all closed at the 5% lower circuit level for the second consecutive session.