Adani Group stocks decline 16-52% from their 52-week highs

Adani group stocks have fallen up to 52 per cent from their 52 week-highs in less than three months. Among the Adani group companies, Adani Power has witnessed the sharpest decline — a 52 per cent fall from its 52-week high hit on June 9, 2021.
 
Among others, Adani Total Gas has declined 42.5 per cent, Adani Transmission 38.2 per cent, Adani Green Energy 32.9 per cent, Adani Ports and SEZ 23.1 per cent, and Adani Enterprises by 16.1 per cent.
 
All the group stocks hit their 52-week highs in May-June 2021. The sharp decline began after heavy