With the sell-off in Adani stocks becoming worse with each passing day, embattled billionaire Gautam Adani is having a hard time appeasing investors. At least four Adani stocks, including Adani Transmission, Adani Green Energy, Adani Total Gas, and Adani Power, were restricted to trading under their 5% lower circuit restrictions on Wednesday morning.
After reporting a consolidated net profit of Rs 820 crore for the quarter ended in December, compared to a net loss of Rs 11.63 crore a year ago, the port-to-edible oil conglomerate's flagship Adani Enterprises shares increased by more than 2%.
Trading took place in the green zone for Adani Wilmar, Ambuja Cements, NDTV, ACC, and Adani Ports.
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