Volatility in group stocks is temporary, says Gautam Adani

Adani Group chairman Gautam Adani said the current market volatility, sparked by a selloff in his companies’ stocks, is “temporary”. Investors in his 10 listed companies, of which seven bear the Adani name, have together lost nearly Rs 10. 4 lakh crore in market value ever since Hindenburg Research published a report on January 24 alleging his group of corporate malfeasance and stock price manipulation.

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