Adani group stocks crash amid bloodbath on D-street

Amid the pressure on the stock market on election results day, shares of all Adani Group companies tumbled as trends showed BJP led NDA winning a lower number of seats than predicted in the exit polls.

Adani Ports and Adani energy plummeted 17 per cent, the conglomerate's flagship first Adani Enterprises was down 16%, Adani power, Ambuja cements, Adani total gas and Adani green energy were all down between 13 and 15%.

Just a day earlier, on Monday, the stock markets saw a sharp upmove on the back of the exit poll results. This also led to a spike across the Adani stocks.

However, everything came crashing down on Tuesday when the final results trends did not tally with the exit polls data.