Adani Share Price Today: Last week proved to be very bad in the stock market for Adani Group. After about two months, during some week, the group had to face such a decline…
Adani Share Price: The series of decline of Adani Group Stocks which started last week, is still not taking the name of stopping. Many shares of Adani Group had to suffer significant losses in the trading on the very first day of this week. This decline has come when the news of premature payment of foreign currency bonds by the Adani group was expected to return to the bullishness.
After the end of Monday’s trading, the price of 5 out of 10 shares of Adani Group declined significantly, while the price of one share remained almost stable at the old level. At the same time, some speed was seen in the prices of four shares of the group.
They suffered the most
Adani Green suffered the most. Its price fell by more than 3 percent. At the same time, the prices of Adani Transmission, Adani Total Gas and NDTV also registered a decline of around 3-3 percent. Adani Wilmar also suffered a loss of more than 1 percent. On the other hand, the price of flagship stock Adani Enterprises remained almost stable.
The prices of these 4 stocks increased
On the other hand, 4 shares of Adani Group managed to register gains today. The price of Ambuja Cement rose by about 2 per cent. Adani Ports and ACC Cement saw a rise of about 1-1 per cent. Adani Power also closed with an increase.
Performance of all stocks:
| company’s name | Today’s closing price (on BSE, in Rs) | Change (in %) |
| ndtv | 179.00 | -2.93 |
| Adani Enterprises | 1802.00 | -0.02 |
| Adani Green | 887.05 | -3.16 |
| Adani Ports | 670.95 | 1.38 |
| Adani Power | 200.80 | 0.78 |
| Adani Transmission | 968.50 | -2.66 |
| Adani Wilmar | 399.55 | -1.15 |
| Adani Total Gas | 891.15 | -2.91 |
| acc | 1739.80 | 1.33 |
| Ambuja Cement | 381.70 | 1.92 |
Such a decline last week
The shares of Adani Group are in the grip of decline since last week. After about 2 months, during any week, the shares of Adani Group had to suffer such losses. Except for one session, most of the shares of Adani Group were in loss in all the rest of the trading day. After the rally in Adani Group’s shares returned in February, its share prices were increasing more or less every day.
Fast loan group
Adani Group is paying fast debt to remove the concerns of its investors and borrowers. In this connection, work is underway on a plan to use surplus cash and funds from internal accounts to buy bonds. It will start with the purchase of $ 650 million bonds of Adani Ports & Special Economic Zone. Adani group is also evaluating the bonds of its other companies and after that they can also be bought.
Shares may change
Earlier, the Adani group had repaid the bond dues of $3 billion during the March quarter. The group used $1.88 billion in equity funding from GQG Partners and an additional $1 billion from promoter groups to pay off the bonds. Market experts say that this changed strategy of Adani Group can greatly benefit its shares in future.
