If Adani crumbles will the Indian stock market take a >=20% hit? (see description)

If Adani Enterprises falls bellow 1676 INR (ie >=60% from all time highs)
will iShares MSCI India ETF, INDA, fall bellow $33.224 (ie >=20% from today) in the 18 months following the Adani crash?

sry this is kind of a mounthful. please suggest if you have a better way of expressing essence of question (is india fucked if adani crashes, defaults on loans, etc)

Sort by:
GeorgeVii avatar