September 21, 2024

Adani Enterprises Share Price: After bouncing for six consecutive days, brakes on Adani Enterprises, know what was the reason – adani enterprises shares plunge after six days rise five group stocks hit upper circuit


New Delhi: The rally in the shares of Adani Enterprises Ltd, the flagship company of Adani Group, came to an end today. The reason for this is that the National Stock Exchange (NSE) has put three shares of the group including Adani Enterprises in the short-term surveillance framework. These include Adani Power and Adani Wilmar apart from Adani Enterprises. These stocks have gained a lot in the recent past. Adani Enterprises, which was earlier put in the framework due to the fall, was released a day earlier. But now it has been put in it due to the boom. Along with this, CARE Ratings has also changed the outlook of Adani Enterprises from stable to negative. The rating agency says that it has done so due to regulatory and legal scrutiny against the company. Due to this, its shares are seeing a decline today. At 1.50 pm on BSE, it was trading at Rs 1933.80, down 5.19%.

It had gained about three per cent on Wednesday. Its 52-week top level is Rs 4,189.55, which it touched on December 21 last year. Its minimum level is Rs 1,017.10. It reached this level on February 3. Due to the negative report of Hindenburg Research about Adani Group, there was a huge fall in the shares of Adani Group. On February 3, the NSE had put the group’s three scrips Adani Enterprises, Ambuja Cements and Adani Ports under the surveillance framework. Ambuja Cements and Adani Ports were pulled out of the framework last month, while Adani Enterprises was pulled out recently.

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condition of the rest of the shares

However, Adani Power and Adani Wilmar, two other stocks put in the framework due to the rally, touched the upper circuit today. Apart from these, Adani Transmission, Adani Total Gas and Adani Green Energy also touched the upper circuit of five per cent. NDTV (NDTV) stock is trading at Rs 247.40 with a gain of 2.06%. Ambuja Cements was trading at Rs 386.05, down 1.53%, and ACC was trading at Rs 1858.25, down 1.55 per cent. Adani Ports and Special Economic Zone (APSEZ) scrip was down 2.87% at Rs 692.30.



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