T– Global Economic Uncertainties: Rising inflation, tightening monetary policies, and geopolitical tensions weigh on investor sentiment.

– Adani Group's Debt Burden: High debt levels raise concerns about the group's financial stability amidst rising interest rates.

– Exposure to Infrastructure Sector: Adani's businesses are heavily invested in the infrastructure sector, known for capital intensity and cyclical nature.

– Regulatory Scrutiny: Ongoing regulatory investigations add to investor apprehension and uncertainty.

Bullish Perspective: Some analysts see value in Adani's strong track record,