Adani Enterprises Q3 Results, Hindenburg’s havoc continues! Know today’s state of shares of Adani’s flagship company – adani group stock update adani enterprises down nearly 6 percent ahead of q2 results
The group lowered its revenue target
After a negative report on Adani Group companies by research firm Hindnerg, most of the shares fell to less than half of their record highs. Rating agencies are also wary of Adani Group after its shares have fallen steadily. As a result, Adani Group has reduced its revenue growth target by 50%. And the capital expenditure target has also changed. Currently, Adani Group shares continue to sell today. At present, the markets and investors are eyeing the results of Adani Enterprises.
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Adani shares fall
Shares of Adani Enterprises fell 6 percent while Adani Total Gas fell 5 percent to Rs 1,133 in today’s trade. Adani Transmission touched the lower circuit by 5% and fell to Rs 1071. Adani Power also touched a lower circuit of 5 per cent, falling to Rs 148. Adani Wilmar fell 5 percent to Rs 393.
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Shares of Adani Green Energy fell 5 percent to 654 and Adani Ports gained 1 percent. ACC was seen trading flat while NDTV was down 5 percent and Ambuja Cement was down around 3 percent, down 50-65 percent from their one-year highs.
