Gautam Adani's indictment in New York for his alleged involvement in a multi-million-dollar bribery and fraud scandal sparked a steep sell-off in Adani Group stocks and those of its major lenders.

While Adani Group shares dropped by up to 20 %, public sector lenders such as State Bank of India #sbin , Bank of Baroda #BoB , and Punjab National Bank #PNB saw their stocks fall by as much as 7 % on November 21.

Despite the sharp decline, I really believe the reaction is temporary and expect stocks to recover once clarity and positive updates emerge from Adani Group.

"I already recommended investors or traders use the opportunity to "accumulate" PSU bank stocks, highlighting their strong fundamentals"...

And those who have they can hold for best up moves.

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