New Delhi: Adani Group (Adani Group) had a break on Tuesday due to continuous decline in the shares of almost all the companies. From Adani Wilmar (Adani Wilmar) to Adani Port (Adani Port) all the stocks are seeing a rapid increase. As soon as the stock market opened today on Tuesday, the shares of Adani Enterprises (Adani Enterprises) saw a jump of 20 percent.
Adani’s shares have soared
First of all, let us talk about the increase in Adani shares of Gautam Adani’s companies. Adani Wilmar Ltd rose 4.99 per cent to Rs. 398.90 was reached. Adani Green Energy Ltd. Rs. 931.05, up 4.72 percent, while Adani Transmission Ltd. was Rs. 5 percent to Rs. was trading at 1,319.25.
Apart from this, Adani Ports Rs. 8.99 percent to Rs. 594.50, Ambuja Cement rose 3.34 percent to Rs. 392.45 and ACC Ltd rose 3.12 percent to Rs. was trading at 2,031.05. Shares of Adani Enterprises Ltd, which suffered the biggest losses in the past few days, bounced 20 per cent after the market opened today to close at Rs. reached the level of 1,887.20. However, shares of Adani Power Ltd declined, touching the green mark as business picked up.
The Hindenburg report caused prices to collapse
Let us tell you that after the publication of the report of the American research firm Hindenburg, the shares of Adani Group saw a sharp decline. Shares of Adani Group have fallen by 66 percent due to this report. Along with this, the group’s market cap also fell by $117 billion and Gautam Adani slipped from fourth to 22nd position on the list of the world’s top billionaires on Monday. A sharp rise in Adani shares on Tuesday is a relief in these troubled times.
Adani Group made this big announcement
Let us tell you that Adani Group, which is going through the worst situation for the last 14 days, on Monday announced to redeem its pledged shares ahead of time. The company is ready to pay Rs 9,185 crore for this. The impact of this news is being seen on the shares of group companies on Tuesday. Apart from this, according to a report, the National Stock Exchange (NSE) has reduced the circuit limit of Adani Green Energy and Adani Transmission to 5 percent.