Adani Share Price: The rally in the shares of Adani Group, which continued for almost a month, got a break on Monday. Heavy selling in the domestic market (Indian Share Market) also engulfed Adani Group Stocks. Due to this, almost all the shares of the group closed at a loss after the end of the business on the first day of the week.
The process of upper circuit came to an end
In today’s trade, only one stock of the group, Adani Green, managed to register gains. Its price closed with a gain of 3.91 per cent. However, since the last several sessions, the chain of upper circuit which has been taking place on this stock has come to a halt. Earlier, Adani Green’s stock was hitting upper circuit for 13 consecutive trading sessions.
Big fall in these stocks too
Talking about other companies of the group, the momentum of the flagship Adani Enterprises also stopped. After gaining for three consecutive days, the stock fell nearly 04 per cent on Monday. On the other hand, two shares of the group Adani Total Gas and Adani Power hit the lower circuit today.
they also suffered
NDTV’s stock remained at a loss of about 3.50 per cent. Ambuja Cement and Adani Wilmar registered a decline of more than 3-3 per cent. Similarly, a decline of about 02 percent was seen in Adani Ports, more than 02 percent in ACC and about 1.50 percent in Adani Transmission.
Performance of all the stocks in the group:
| company’s name | Today’s closing price (on BSE, in Rs) | Change (in %) |
| ndtv | 198.60 | -3.45 |
| Adani Enterprises | 1812.15 | -3.46 |
| Adani Green | 845.05 | 3.46 |
| Adani Ports | 666.00 | -2.07 |
| Adani Power | 190.00 | -4.98 |
| Adani Transmission | 999.75 | -2.45 |
| Adani Wilmar | 413.50 | -3.24 |
| Adani Total Gas | 853.10 | -4.99 |
| acc | 1692.30 | -2.11 |
| Ambuja Cement | 365.50 | -3.37 |
The market was in so much loss
If we talk about the domestic stock market, then today was a day of heavy selling. BSE Sensex was in loss of more than 360 points, while Nifty saw a decline of 0.65 percent. The domestic market has suffered due to the fall in the global markets.
Its effect on Adani’s shares as well
At the same time, the Adani group suffered losses due to other factors as well. The Adani group has suffered a lot after the Hindenburg report came out in January. After the report came, some shares of the group had fallen by up to 80 percent. Although later recovery was also seen in these stocks, but the entire loss has not been neutralized yet. Recently, the Adani group had to stop work on a petro-chemical project worth Rs 34,900 crore in Gujarat. This news has also affected the perception of investors.
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