{
Venugopal Garre

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Adani stocks tumble amid bribery allegations but analysts see short-term impact

Adani Group stocks faced significant declines following allegations that Gautam Adani was involved in a $250 million bribery scheme. Bernstein India's head of research, Venugopal Garre, dismissed the market's reaction as short-term, suggesting that such incidents are common in the infrastructure sector and that the market will likely recover quickly. Adani Enterprises shares dropped 10%, while Adani Green Energy and Adani Energy Solutions fell 17% and 20%, respectively.
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United States Dollar Adani Energy Solutions Limited Adani Enterprises Limited Adani Green Energy Limited IND Gautam Adani Venugopal Garre Show more
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05:42 21.11.2024
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