Adani Group stocks slide up to 7% as Fitch places select bonds on negative watch

Adani Group stocks fell up to 7 per cent in morning trade on BSE on Tuesday, November 26, a day after ratings agency Fitch put some group bonds on watch for a possible downgrade after US bribery charges.

Adani Green Energy's share price saw the steepest decline, falling 7 per cent, followed by a 5 per cent drop in Adani Energy Solutions.

Shares of the flagship firm Adani Enterprises fell nearly 4 per cent, while Adani Total Gas, Adani Power, and Adani Wilmar each declined 3 per cent.

Adani Ports and Ambuja Cements stocks slipped around 2 per cent each, while ACC and NDTV shares dropped by 1 per cent each.

More to come…