Adani Enterprises has withdrawn its FPO. Money will be returned to investors
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But bjp will take help from lic for manipulation of adani stocks
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If fundamentals are even reasonably there and if float continues to be low, then theoretically there is a limit to its falling.
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Most of the shares are with institutional investors (even the promoters are in the habit if raising funds by pledging shares).
Thus there is a technical crunch on the supply side.
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As in, what fool or foolish institution would want to sell and create panic.. such that the value of the rest of the holding too goes down.
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Coupled with the fact that elections next year too would be a game of money.. and just no way that NDA will be destabilised.
Thus the cards are favour of Adani group stocks... EVEN IF preliminary investigations from local agencies proves any insider trading or manipulation charges.
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(Because penalties are peanuts and litigations can be prolonged).
If it falls 30% more today(10% falled already) it can create margin call for pledged shares, on an average they have 17% shares pledged and that too mostly in high valuation, and that valuation is eroding faster than anything
Why posting these things here, when there is dedicated sections for news, finance?
Seeing how LIC is misused, I am glad nobody asking my peers wasted their money in lic
Adani :- Shaikh ji, Mittal ji, Jindal ji, aap FPO ko full subscribe karwa do naak ka sawaal hai fir main is FPO ko cancell karke Paisa wapas karke imaandar ban jaunga 
Shaikh, Mittal and Jindal : Ok Adani
No
It may further go down