Adani Share Price: Adani Group Stocks, which have been battling the sell-off since last week, did not get any respite even on Tuesday. After the end of trading on the second day of the week, most of the shares of Adani Group remained in losses. On the other hand, on one share of Adani Group, upper circuit was imposed for the second consecutive day.
bad start to the week
The declining trend in Adani Group shares since last week continued on Monday as well. Yesterday, two shares of the group hit the lower circuit. Even today, the situation remained more or less the same and after the end of the trading, the prices of 6 out of 10 listed shares of the group remained in the red mark. On the other hand, the shares of 3 companies were able to register a slight rise, while the price of one remained almost stable.
These 2 stocks are the biggest losers
After trading on the second day of the week, the stock of Adani Transmission was the biggest loser. It ended the trade with a loss of 5 per cent ie lower circuit. Lower circuit was installed on Adani transmission yesterday also. In this way, this stock has suffered a loss of 10 percent so far this week. At the same time, Adani Total Gas closed down more than 3 percent. On Monday, the lower circuit was also imposed on the price of its shares.
they also suffered
Looking at other loss-making companies, Adani Green, another energy stock of the group, closed down more than 1.50 per cent. NDTV also remained in loss of more than 1 percent. Similarly, a decline was also recorded in the prices of Adani Wilmar and ACC Cement.
Minor relief to these companies
Flagship stock Adani Enterprises managed to make marginal gains today. A day ago, there was a big fall of about 2 percent in it. Apart from this, a slight rise was also seen in Adani Power and Adani Ports. On the other hand, the prices of Ambuja Cement remained almost at the old level.
Performance of all stocks:
|company’s name||Today’s closing price (on BSE, in Rs)||Change (in %)|
|Adani Total Gas||844.00||-3.26|
The pressure has been building since last week
Earlier during the last week, market capitalization of 7 out of 10 listed Adani group companies saw a decline of Rs 3,782 crore due to volatility in prices. Among the companies that suffered losses in terms of market capitalisation, Adani Enterprises, Adani Transmission, Adani Green Energy, Adani Total Gas and Adani Wilmar were also included. There was a decline in their market capitalization between Rs 507 crore and Rs 2,856 crore.