As the Indian stock market reeled under severe selling pressure, with the headline indices falling to multi-month lows, Adani Group's Group CFO, Jugeshinder Robbie Singh, took to X to comment on the recent market volatility, highlighting the difference between short-term market sentiment and the underlying value of infrastructure assets.
Sharing his views on X, Singh said, “Mood is ephemeral; stone is eternal. While the crowd reacts to ticker noise, our infrastructure continues to weigh heavy and true.”
He further said, “In the end, substance always outlasts speculation. Look at the assets, not at the hyperventilating speculators.”
Singh's comments came amid intense selling pressure in Indian equities, with investors closely tracking market movements as volatility remained elevated. His remarks emphasized the Adani Group's focus on its underlying infrastructure assets and long-term fundamentals despite short-term fluctuations in market sentiment.
The Indian stock market suffered heavy losses in Thursday’s trade, October 8, in a broad-based sell-off, dragging the key indices down nearly 2% as investor sentiment was hit by a sharp jump in crude oil prices and surging global bond yields.