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Adani Portfolio Stocks Crash: Shares of Adani Group (Adani Group Stocks The process of decline has started again. For the last two trading sessions, the shares of Adani Group are witnessing a decline. Listed on the stock exchange Adani Group (Adani Group) Out of 10 shares, 5 shares closed with Lower Circuit. And there has been a big decline in those stocks which did not get circuit.
In today’s trade, the shares of Adani Enterprises, the flagship company of Adani Group, closed at Rs 1,600, down 7.09 per cent. Adani Ports declined by 5.67 per cent to close at Rs 593, ACC by 4.21 per cent, Ambuja Cement by 2.99 per cent and NDTV by 4.92 per cent at Rs.173.95. There is no low circuit in these stocks.
But if we look at the stocks which hit the lower circuit, Adani Green Energy fell 5% to Rs 935.65, Adani Power down 5% to Rs 173.85, Adani Total Gas down 5% to Rs 909.95, Adani Transmission down 5% to Rs 1015 and Adani Wilmar. 4.99 percent down and closed at Rs 368.15.
The reason for the decline in Adani stocks on Tuesday is also the report published in The Cane in which questions have been raised on the repayment of the $ 2.15 billion loan of the Adani group. The report said that despite repayment of loan of $ 2.15 billion on loan against shares, regulatory filings show that the banks have not released the promoter’s shares which were mortgaged with the banks. Which shows that the loan has not been fully repaid. According to the report, the banks have released the shares of Adani Ports only.
Heavy loss to investors
Investors have suffered huge losses due to the fall in Indian stock market neither small cap nor mid cap stocks. The market cap of companies listed on BSE has come down to Rs 252 lakh crore, which was Rs 253.51 lakh crore on Monday. Investors have suffered a loss of Rs 1.51 lakh crore in today’s trading session.
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Ever since the Hindenburg Research report against the Adani group came to the fore, the shares of the Adani group continued to decline.
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