Should You Cut Losses In Adani Green, Adani Power? Top Market Expert Answers

Shares of Adani Group companies tumbled as much as 23 per cent during the trading session on Thursday after the US District Court and the Securities & Exchanges Commission framed bribery charges against Gautam Adani and other executives of the group.Following the update from the New York Court, Gautam Adani's led entities, mainly, Adani Enterprises Ltd and Adani Ports, tumbled up to 23 per cent during the session. All the 10 listed Adani Group companies wiped out a cumulative of 2.81 lakh crore from investors' kitty as their total market capitalization dropped to Rs 11.43 crore for the day. Akshay Bhagwat, Sr. VP Derivatives Research, JM Financial Services shares strategy on Adani Green & Adani Power.