Adani Group, Adani Stocks News: The fall does not stop here… Adani Group stocks fall after 2 days of gains – another setback for gautam adani adani group stocks fall after 2 days of gains
A recent report by the American research firm Hindenburg Research made serious allegations against the Adani Group, but the Adani Group denied the allegations. However, after the report came out, the group’s shares started to fall sharply, from which the group has not yet recovered. Meanwhile, index provider MSCI said some market participants have questioned the appropriateness of including Adani Group stocks in some indices.
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Status of Adani shares
At the beginning of the market today, the shares were seen falling. Adani Enterprises shares fell 15% at one point in the morning session. The group is part of the Stock Futures and Options division and has no circuit limits. Besides Adani Group’s Adani Ports and Special Economic Zones at 9%, Adani Power, Adani Transmission, Adani Total Gas and Adani Green Energy hit the lower circuit of five percent. While Ambuja Cements fell by 5.4 percent, ACC by 4% and NDTV stock by 3%. On the other hand, only Adani Wilmar’s shares gained momentum in the opening session and hit the upper circuit in early trade.
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What is the matter?
Adani group companies have followed the wrong path to boost share prices, Hindenburg Research said in a report released on Tuesday. Apart from this, the group companies were also accused of cheating in accounts. Note that the Hindenburg report came out just before Adani Enterprises’ FPO hit the market.
