adani group shares fall continue, Hindenburg Effect: How effective is the Hindenburg attack? Upheaval in ‘Adani’ shares, what happened in 3 weeks – adani group crisis how gautam adani led adani stocks fared in share market after hindenburg report
Apart from this, many shares of Adani Group also tumbled up to 74%. However, some shares of the Adani Group have managed to register gains of up to 85% from recent lows. According to the current latest developments, the Central Government has prepared a list of people to be included in the Committee of Experts and its formation was suggested by the Supreme Court. Let’s see how 10 Adani Group stocks have performed since the Hindenburg report.
Adani Enterprises
The stock of Adani Group flagship Adani Enterprises has recovered more than 77 percent from a 52-week low of Rs 1,017.10. But the stock has fallen 48 percent in the past 16 trading sessions through February 16. Shares of Adani Enterprises closed down 4.32% at Rs 1,719 on Friday. On January 24, the same share was at Rs 3,442.
ACC
Shares of the company, which was acquired last year, are up more than 9% from their 52-week low of 1,696.05. On January 24, 2023, the stock fell 21% to Rs 1,841.35, which was trading at Rs 2,336.29. Also, on Friday, shares of ACC further fell by 0.36 percent to close at Rs 1,834.95.
Although the market fell, Adani’s share caught up, investors breathed a sigh of relief
Adani Total Gas
Shares of Adani Total Gas were at Rs 3,885.45 on January 24, while the stock tumbled 74 per cent to Rs 1,024.95 after the Hindenburg report. Also, the stock fell in Friday’s trade and the stock traded at Rs. Crashed below 1000. Thus, the stock had to bear losses for the 19th session in a row. The stock closed down 5 percent at Rs 971.50 on Friday.
Adani Green Energy
Shares of Adani Green Energy were trading at Rs 1,913.55 on January 24, 2023, after which it fell over 68 percent to Rs 616.45. However, Friday’s trading session turned positive for the stock and Adani Green broke its 12-day downtrend to close at Rs 628.90, up 2.04%.
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Adani Transmission
Shares of Adani Transmission fell more than 65 percent after the Hindenburg report, with the stock down more than 77 percent from its 52-week high of Rs 4,238.55. Besides, the stock fell to a 52-week low of Rs 918.65 to close at Rs 920.15 on Friday.
NDTV
Shares of NDTV have recovered 53 percent from their recent low of Rs 135.25. In Friday’s trading session, the stock hit the 5 percent upper circuit and closed at Rs 217.40.
Ambuja Cements
Ambuja Cement’s stock was at Rs 498.55 on January 24 and has since fallen 30 percent. However, the stock held on to the rally on Friday and closed up 1.94 per cent at Rs 354.55.
Adani Wilmer
Adani Wilmar’s stock has rallied more than 37% from its 52-week low of Rs 305.40, with the shares rebounding five per cent to touch an intraday high of Rs 437.95 in Friday’s trading session. The stock closed up five percent at Rs 438.25 on Friday.
