Adani Enterprises shares today closed at Rs 1953.10, down 4.24 per cent. By the way, during the trading session, the share of the flagship company had gone up to Rs 1903.85.
Adani Group Shares : After 6 consecutive days of tremendous growth, the shares of Adani Enterprises saw a big decline. If we look at the overall, then out of 10 companies of Adani Group, there was a boom in 6 companies, out of which the shares of four companies were seen in the upper circuit of 5 percent. While there has been a decline in the shares of four companies. On the other hand, there has been a decline of about 550 points in the stock market. Let us also tell you why there has been a decline in Adani’s flagship company and what is the condition of the stock market?
The decline was seen due to these two reasons
Adani Enterprises shares today closed at Rs 1953.10, down 4.24 per cent. By the way, during the trading session, the share of the flagship company had gone up to Rs 1903.85. Two main reasons are being given for the decline in the company’s stock. Firstly, the National Stock Exchange has put Adani Power, Adani Wilmar along with Adani Enterprises in the short term surveillance framework. Because of which pressure has been seen in the stock of the company. Secondly, CARE Ratings has downgraded AEL’s outlook to negative from stable. The rating agency has taken this decision due to legal and regulatory scrutiny on the company. Due to the fall in the shares of Adani Enterprises, there has been a decline of about Rs 9,900 crore in the market cap of the company.
condition of adani companies
name of companies | Share Price (in Rs.) | up or down (in %) |
Adani Enterprises | 1953.10 | -4.24 |
Adani Port and SEZ | 696.40 | -2.29 |
Adani Power | 196.05 | 4.98 |
Adani Transmission | 860.85 | 4.99 |
Adani Green Energy | 650.55 | 5 |
Adani Total Gas | 904.95 | 4.99 |
Adani Wilmar Gas | 473.70 | 2.72 |
ACC Limited | 1860 | -1.46 |
Ambuja Cement | 384.25 | -1.99 |
ndtv | 246 | 1.49 |
stock market crash
On the other hand, there has been a decline of about 550 points in the stock market and investors have lost more than Rs 2 lakh crore. The Bombay Stock Exchange’s flagship index Sensex fell by 541.81 points to close at 59,806.28 points. On the other hand, the National Stock Exchange’s major index Nifty closed at 17,589.60 points with a decline of 164.80 points. Shares of Adani Enterprises have seen a decline of about 5 per cent and shares of Mahindra & Mahindra have fallen by about three and a half per cent on the NSE. Reliance shares have seen a decline of more than 2 percent.
Source: www.tv9hindi.com
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