3 Adani stocks were seen with an '85% downside

In its January 24 report, global short-seller Hindenburg Research suggested that seven Adani Group stocks were overvalued by 85%. Nearly a month later, Adani Total Gas has almost reached the same valuation, having dropped by 79% on the BSE since January 24. Furthermore, Adani Green Energy and Adani Transmission are also close to the 85% mark, based on the reduction in their 52-week highs.

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