Why Adani powers shares falling? | why Adani powers going down?

 

Adani Powers decrement

last 5 days Adani powers gonna down in his share price from (- 4.96%) by 18-6-2021 it is very bad loss for the investors of Adani powers.

Today's market prise is 114.90 INR.

and last 6 days share price was 154 INR.

we can see by the graph it is something big behind it.

And also Shares of Adani Enterprises, the flagship company of the group, was down 3.51% at Rs 1,398.50 at 1:10 pm on the Bombay Stock Exchange. Adani Ports was down over 5% at Rs 670.55.

Reason why Adani stocks falling ?

Shares of Adani Group’s listed companies started falling from Monday after a report indicated that the National Securities Depository Limited (NSDL) had frozen three FPI accounts with major stakes in at least four firms of the port-to-energy conglomerate.

And, shares of the group’s companies recovered some ground after Adani Enterprises released a strong statement, rejecting media reports about action against the foreign funds.

NSDL also came out with a statement the day after, clarifying that no new action has been taken and that the accounts are active. NSDL’s statement also indicated that it had indeed frozen the foreign funds — Albula Investment Fund, Cresta Fund and APMS Investment Fund — with regard to some specific accounts and that the action was taken long ago.

However, his net worth is also decreased $62 Billion from a high of $77. now the gap between Asia's No. 1 richest men as Mukesh Ambani and Gautam Adani is of $12 billion after losses.