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Adani Stock Update: In Tuesday’s trading session, there has been a break in the shares of Adani Group, which has been going on for the past several days. Out of 10 companies listed in the stock market of Adani Group, shares of 4 companies have closed with lower circuit. Shares of other companies have also seen a decline. The heavy fall in the stock market also affected the stocks of the group.
The stock of Adani Enterprises, the flagship company of Adani Group, saw a big decline in today’s session. At one point the stock fell by more than 10 percent. But at the time of closing, the stock fell by 7.27 per cent and closed at Rs 1738. Adani Ports shares closed at Rs 654, down 3.92 per cent.
| company’s name | Today’s closing price (on BSE, in Rs) | Change (in %) |
| ndtv | 211.1 | -5 |
| Adani Enterprises | 1738.2 | -7.27 |
| Adani Green | 706 | -1.49 |
| Adani Ports | 654.5 | -3.92 |
| Adani Power | 204.35 | -4.99 |
| Adani Transmission | 902.2 | -5 |
| Adani Wilmar | 414 | -4.94 |
| Adani Total Gas | 947.2 | -5 |
| acc | 1738.4 | -1.79 |
| Ambuja Cement | 353.4 | -3.97 |
Shares of Adani Transmission, Adani Total Gas, Adani Power and NDTV hit a lower circuit of 5 per cent, due to which trading in these companies had to be halted. Adani Wilmar shares closed at Rs 414, down 4.94 per cent. A decline of 1.79 per cent has been observed in ACC and 3.97 per cent in Gujarat Ambuja. The lowest decline was in the stock of Adani Green Energy, which closed at Rs 706 with a decline of 1.49 per cent.
If we look at the reasons for the decline in the shares of Adani Group, after the investment of GQG Partners, there was a one-sided boom in the shares. After which investors are booking profits. At the same time, the issue of JPC’s demand for investigation on Hindenburg’s allegations against Adani group is gaining momentum in Parliament. Due to this also pressure has been seen on the stocks.
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