Adani Total Gas is the biggest victim with the stock still trading down 74 percent from year-ago level. Adani Energy Solutions and Adani Wilmar are the next two worst performers – still down 62 percent and 39 percent.
The pact is aimed at adopting natural gas for transportation for fleet operators, including those deployed by Adani Group companies in sectors like cement, ports and logistics
The surge in Adani Group stocks boosted Chairman Gautam Adani's wealth by over $10 billion, reaching a fortune exceeding $70 billion according to the Bloomberg Billionaires Index
The Supreme Court last week reserved judgment on PILs seeking a court-monitored probe into allegations by Hindenburg Research against the Adani group for stock market violations