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Adani Share Price: The rally in Adani Group Stocks, which continued for the last few days, got a break on Friday. After the end of the business on the last day of the week, the prices of most of the Adani Group’s shares also declined on the lines of the market.
Most stocks fall
The shares of Adani Group started trading today under pressure. As soon as the business started, many shares of the group had gone into the red mark, while a day before, a bumper boom was registered in their prices. On Thursday, the prices of all the 10 shares of Adani Group had increased. On the other hand, after the close of trading on Friday, the price of 6 out of 10 shares of the group declined.
Flagship stock in profit
Flagship stock Adani Enterprises saw a slight rise even today. After the excellent results of the March quarter, this stock hit the upper circuit yesterday. In the March quarter, the company’s profit jumped 137 percent to Rs 722 crore. Encouraged by the excellent result, the company’s board has recommended 120 per cent dividend to the investors.
Adani Power is strong
A stock of Adani group is showing tremendous rally. The price of Adani Power increased for the 11th consecutive day today. However, after several days it happened that the share price of Adani Power rose by less than 1 percent. The biggest gain came in Ambuja Cement and it got stronger by more than 3 percent. Adani Ports also closed in profit.
These stocks suffered losses
On the other hand, the prices of many shares of the group fell by more than 1-1 percent. Adani Transmission declined the most. Shares of Adani Total Gas and NDTV were also at a loss of more than 1-1 per cent. Adani Green, Adani Wilmar and ACC Cement also closed with losses.
Performance of all stocks:
| company’s name | Today’s closing price (on BSE, in Rs) | Change (in %) |
| ndtv | 181.50 | -1.06 |
| Adani Enterprises | 1921.05 | 0.62 |
| Adani Green | 940.00 | -0.51 |
| Adani Ports | 684.20 | 0.68 |
| Adani Power | 239.70 | 0.63 |
| Adani Transmission | 999.90 | -1.33 |
| Adani Wilmar | 396.85 | -0.48 |
| Adani Total Gas | 918.25 | -1.29 |
| acc | 1764.70 | -0.13 |
| Ambuja Cement | 400.50 | 3.10 |
Heavy fall in the market
There was a tremendous decline in the domestic market on the last day of the week’s trading. The BSE Sensex came down to 61,050 points with a loss of about 700 points. At the same time, there was a loss of around 1.15 percent in Nifty. Heavy selling was seen in HDFC and HDFC Bank shares in today’s trade. The mcap of only these two companies fell by Rs 80 thousand crore today.
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