Adani Group stocks crack; Adani Enterprises, ATGL hit 10% lower limit

Adani Enterprises and Adani Total Gas were the major losers among the group stocks, as they hit the 10 per cent lower circuit in intraday deals.

Shares of Adani Group stocks sank up to 10 per cent, with stock price of the flagship firm Adani Enterprises bearing the brunt of the selling pressure. The Adani Group stocks had been major outperformers so far this calendar year, hence the current selling can be attibuted to profit-taking at these counters.

Adani Enterprises was down for the seventh straight trading session, having corrected over 20 per cent from its life-time high to a low of Rs 3,105 today. However, in the past three months, the stock has outperformed the market by surging 48 per cent, as against 8 per