Adani Group stocks, including Adani Power, Adani Enterprises, and Adani Energy, saw sharp declines following new Hindenburg Research allegations linking SEBI Chairperson Madhabi Puri Buch's husband to an offshore fund tied to the Adani Group.
Despite clarifications from SEBI and Adani, investor reactions led to significant market drops. Analysts believe these declines are temporary, with potential for recovery. Vinit Bolinjkar of Ventura Securities dismissed the claims as recycled and non-critical, suggesting the fall might present a buying opportunity.