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Adani Stock Closing Today: Lower circuit on Adani Transmission, all shares of Adani shattered due to these 3 reasons

Adani Share Price Today: The shares of Adani Group have been facing a continuous decline since last week. Except for a few days, the shares of Adani Group are facing losses.

Adani Share Price: Today also proved to be a bad day for Adani Group Stocks, which have been suffering losses for the last several days. Almost all the shares of the group suffered heavy losses in the last session of this week after a strong rally a day earlier. Some stocks even hit the lower circuit during trading. These 2 stocks gained the most.

These 2 stocks are the biggest losers

After the end of trading on the last day of the week, only 1 out of 10 shares of Adani Group gained momentum. Today 9 shares of the group faced losses, while yesterday all 10 shares were in profit. During today’s trading, 2 stocks of the group, Adani Transmission and Adani Total Gas, hit the lower circuit. Although there was slight improvement in both before the closure.

These stocks also suffered loss

In Friday’s trade, only 1 share of Adani Group, ACC Cement, was profitable, whose price rose by more than 1 percent. On the other hand, flagship shares Adani Enterprises (Adani Enterprises), Adani Ports (Adani Ports) , NDTV and Adani Green fell by 1 to 2 per cent. Adani Power, Adani Wilmar and Ambuja Cement also closed with losses.

Performance of all stocks:

company’s name Today’s closing price (on BSE, in Rs) Change (in %)
ndtv 180.20 -1.45
Adani Enterprises 1964.80 -1.00
Adani Green 895.95 -1.94
Adani Ports 699.90 -1.26
Adani Power 241.10 -0.64
Adani Transmission 885.00 -3.49
Adani Wilmar 392.40 -0.70
Adani Total Gas 818.35 -4.33
acc 1797.35 0.61
Ambuja Cement 410.00 -0.51

 

Decline due to these reasons

During this week, Adani shares suffered losses every day except Thursday. Adani’s shares were helped by the news of fund raise on Thursday. At the same time, some factors put pressure again in the business of the last day of the week. The news of Supreme Court hearing and MSCI’s action on 2 stocks vitiated the atmosphere. At the same time, the news of stake sale in three companies also influenced investors’ sentiment.

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