Should You Exit Adani Ent, Ports Stocks After Fall?

Shares of Adani Group companies plunged during Thursday's trading session following bribery charges filed against Gautam Adani and other executives by the US District Court. In the wake of this development, stocks of Adani Enterprises Ltd and Adani Ports saw a decline of up to 23 per cent. Overall, the 10 listed Adani Group companies collectively lost Rs 2.81 lakh crore in market value, with their total market capitalization dropping to Rs 11.43 lakh crore for the day. Akshay Bhagwat, Senior Vice President of Derivatives Research at JM Financial Services, shares insights on the outlook for Adani Enterprises and Adani Ports.

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