6 Adani Group Stocks Settle Lower, 4 Firms Hit Upper Circuit Limit


6 Adani Group Stocks Settle Lower, 4 Firms Hit Upper Circuit Limit

At the shut, six of the group companies had been within the crimson territory whereas 4 had been within the inexperienced.

New Delhi:

Shares of six Adani group companies out of ten listed entities ended the day within the unfavourable territory on Monday amid a unstable pattern within the fairness markets. 

At the shut, six of the group companies had been within the crimson territory whereas 4 had been within the inexperienced.

The inventory of Adani Enterprises Ltd (AEL) fell 1.20 per cent to shut at Rs 1,873.60 apiece on the BSE. The flagship agency’s market valuation dropped to Rs 2.13 lakh crore.

NDTV tanked 4.96 per cent to settle at Rs 222.15 apiece on BSE. During the day, the shares of the media agency hit an intra-day low of Rs 222.10 — additionally its cheaper price band.

ACC tumbled 4.17 per cent to shut at Rs 1,770.10, Adani Wilmar plunged 3.95 per cent to settle at Rs 435.40 and Adani Ports and Special Economic Zone (APSEZ) declined 2.42 per cent to finish at Rs 680.95 on the trade.

Also, shares of Ambuja Cements dived 2.78 per cent to settle at Rs 367.85 on BSE. 

However, 4 Adani group corporations, Adani Power, Adani Transmission, Adani Green Energy and Adani Total Gas jumped 5 per cent every.

Adani Power closed at Rs 215.50, Adani Transmission at Rs 949, Adani Green Energy at Rs 717.20 and Adani Total Gas at Rs 997.65 — additionally their higher value bands on BSE.

The 30-share BSE Sensex tumbled 897.28 factors or 1.52 per cent to shut at 58,237.85 factors. The NSE Nifty declined 258.60 factors or 1.49 per cent to settle at 17,154.30.

On Sunday, embattled Adani Group stated it has repaid loans aggregating USD 2.65 billion to finish a prepayment programme forward of the March 31 deadline to chop total leverage in an try and win again investor belief, put up a damning report of a US brief vendor.

Adani group shares ended on a combined be aware on Friday amid a unstable pattern within the fairness markets. At shut, 5 of the group corporations had been within the crimson whereas the remainder had been in inexperienced territory.

After taking a beating on the bourses, following the report by US-based brief vendor Hindenburg Research, the group shares have recovered considerably in the previous couple of buying and selling periods.

The report had made a litany of allegations, together with fraudulent transactions and share-price manipulation, in opposition to it.

The group has dismissed the costs as lies, saying it complies with all legal guidelines and disclosure necessities.

(This story has not been edited by NDTV workers and is auto-generated from a syndicated feed.)

(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)

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