Adani Group Stocks Price Hitting Lower Circuits; How much more Adani shares will cry… Lower circuit on lower circuit, know today’s position
On Wednesday, four shares of the Adani group, including Adani Transmission, Adani Green, Adani Total Gas and Adani Power, were on the lower circuit. All these shares have 5% lower circuit. Let’s find out how much the price of these shares fell.
Adani Power shares halved
The lower circuit in Adani Power’s shares is not calling for a halt. On Wednesday, the company’s share has fallen to Rs 140.90. Earlier on January 24, 2023, the share price was Rs.275. On the same day, American short seller Hindenburg Research released a report on Adani Group. Since then, the shares have started a downward circuit. The price of these shares has halved in just 20 days.
Big fall in Adani Transmission
The shares of Adani Transmission have also not found buyers for a long time. A lower circuit is seen in these shares continuously. On January 25, the stock was close to Rs 2,800. But after the Hindenburg report the share price fell drastically and now the price of these shares has crashed to Rs 1017.
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Adani Green lost one-third of the amount
Shares of Adani Green Energy are also seen falling steadily. On Wednesday, the stock tumbled down to Rs 620.75 with a lower circuit of 5 per cent, and on January 25, the stock was priced at Rs 1,900. Since then it has continued to decline. And due to decline, this share has fallen to Rs.620.
Adani Total fell 75%
The lower circuit in Adani Total’s shares is also not calling for a halt. On January 25, the shares were at the level of Rs 3,900. Since then the shares have fallen drastically and now the share has come down to Rs.1078. Thus, the price of these shares has decreased by 75 percent in 20 days.
