A day earlier, Adani Wilmar reported a 16 percent increase in net profit at Rs 246 crore in the December quarter, while consolidated revenue from operations came in at Rs 15,438 crore, up 7 percent
Adani group stocks have taken a huge beating on the bourses, losing billions of dollars in market value, after US-based activist short-seller Hindenburg Research made a litany of allegations, including fraudulent transactions and share price manipulation at the Gautam Adani-led group.