With the opening of the market, today everyone’s eyes will be on the shares of Adani Group. In Hindenburg’s report, there was an allegation of manipulation in the price of shares of Adani Group companies and the shares of the group crashed. Due to this, Adani has also slipped from the second position to the 22nd position in the list of the rich. Due to this decline, Adani Group has suffered a loss of about $ 117 billion. However, till the stock market closed on Friday, improvement was seen in Adani’s shares. Investors will expect improvement in Adani’s shares today i.e. on Monday as well. Adani Enterprises’ third quarter results will be released on Tuesday. The direct effect of these results can also be seen on the stock of the company.
Shock to four companies
Moody’s Investors Service has given a big blow to four companies of Adani Group by giving negative rating. These four companies include the names of Adani Green Energy Limited, Adani Transmission Step-One Limited, Adani Green Energy Restricted Group and Adani Electricity Mumbai Limited. After the decline in market valuation, the outlook status of these companies has changed from stable to negative.
Pledge of shares with SBI
After the fall in the shares, Adani Group is continuously trying to win the confidence of investors. In this episode, Adani has pledged the shares of three companies. According to SBI Cap Trust Company, shares of Adani Ports, Adani Transmission Limited and Adani Green Energy Limited have been pledged. SBI Cap Trust Company has given this information to the Bombay Stock Exchange. This is the bank which has given a large amount of loan to Adani Group.
two stocks out of surveillance
Time will tell when the clouds of crisis over the shares of Adani Group will be removed, but the stock exchange NSE has definitely given immediate relief to this group. NSE has removed two group companies Adani Ports and Ambuja Cements from its ‘surveillance framework’. Surveillance framework refers to strict monitoring system. Actually, when the shares of a company go up and down rapidly, NSE uses the surveillance framework. This helps in protecting investors from losses.
