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Adani stocks hit by shock in 2023; Rs 6 lakh crore in market capitalization lost
The combined market value of all 10 listed Adani companies, which was Rs 19.6 lakh crore at the end of 2022, has now declined to Rs 13.6 lakh crore. Investors in Adani stocks received a setback in 2023 as the conglomerate's market capitalization fell by approximately Rs 6 lakh crore due to the Hindenburg controversy.
The combined market value of all 10 listed Adani companies, which was Rs 19.6 lakh crore at the end of 2022, has now declined to Rs 13.6 lakh crore. Investors in Adani stocks received a setback in 2023 as the conglomerate's market capitalization fell by approximately Rs 6 lakh crore due to the Hindenburg controversy. 
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