All Adani Stocks Fall After Moody’s Changes Outlook On 7 Companies To Negative

After a short-lived recovery in the previous couple of sessions, shares of Adani Group stocks tanked up to 8% during the trading session on Tuesday. Reuters reported that global rating agency Moody's has cut its outlook on as many as seven Adani Group entities to negative from stable. The pain in Adani Group intensified in the fag-end of the session with companies including Adani Green Energy, Adani Enterprises and Adani Energy Solutions crashing up 8%. The stocks had shown some resilience in the last two sessions due to the election rally, but a new round of scrutiny dented the sentiments once again.