Adani share price, when will break, Adani gets relief from SC, but increased monitoring, Adani’s 10 out of 10 shares trade in the red, supreme court give relief to Adani, networth fall again
Big fall in Adani’s shares
- On Tuesday, 10 out of 10 shares of Adani crashed. At 12 noon, shares of Adani Enterprises fell 7.07 per cent to Rs 1601.40.
- Shares of Adani Port fell 6.90 per cent to Rs 590.80.
- Shares of Adani Power Ltd fell 5 per cent to Rs 173.85 today.
- Shares of Adani Transmission fell 5 per cent to Rs 1015.75.
- Shares of Adani Green Energy also fell 5 per cent to Rs 935.50.
- Adani Total Gas shares fell 5 per cent to Rs 910.45.
- Shares of Adani Wilmar fell 4.64 per cent to Rs 369.65.
- ACC Cement’s share fell by 4.38 per cent today and fell to Rs 1611.
- Shares of Ambuja Cement fell 2.07 per cent to Rs 362.10.
- NDTV shares are trading down 4.99 per cent at Rs 174.35.
Court relief to Adani, shock in the market
Adani got relief from the Supreme Court. The Supreme Court has dismissed an appeal by the Customs Department against two associate companies of Adani Power, alleging that the companies had grossly overstated capital goods imported from abroad. The department accused Adani Power that the company had overvalued imported capital goods. The court has rejected these allegations. While Adani got relief from the court, there was a setback from the Supreme Court. Two Adani group companies have been kept under additional surveillance. It has been decided to retain both the Adani group companies in the ASM framework. BSE and NSE have decided to retain these Adani companies in the ASM framework.
Gautam Adani’s wealth further decreased
The effect of falling shares of Adani group companies was seen on Gautam Adani’s net worth. According to the Forbes Real Time Billionaire Index, Gautam Adani’s net worth fell by $4 billion. Gautam Adani is at number 24 in this list with assets of $ 46.3 billion. Significantly, before the Hindenburg report, Gautam Adani’s net worth was $127 billion.
Adani Share Price: The storm of Hindenburg could not shake this share of Adani, the rest have lost ₹ 4.50 lakh crore
