Friday, July 12, 2024
Home News Adani Group stocks: All 10 counters trade in the red; Adani Enterprises...

Adani Group stocks: All 10 counters trade in the red; Adani Enterprises fall over 7%

Adani Group Stock,

Every one of the ten recorded Adani bunch organizations were exchanging the negative domain on Tuesday, with Adani Power, Adani Transmission, Adani Efficient power Energy and Adani All out Gas falling around 5% each.

Adani Ports and Special Economic Zone fell 8.89 percent to trade, while Adani Enterprises, Adani’s flagship business, was down 7.53 percent to 1,593.30. 573.20 for each share

Adani Power lost 5%, Adani Transmission lost 5%, Adani Green Energy lost 4.9%, and Adani Total Gas lost 5% of its shares.

In the meantime, the shares of Adani Wilmar, NDTV, ACC, and Ambuja Cements all declined by 4.9%, 4.73%, and 3.4%, respectively.

Throughout the day, a number of the group’s businesses exceeded their lower circuit limits.

what led to the sale

The Kane’s report prompted a resumption of share sales of Adani Group. The report questions whether the Gautam Adani-drove port-to-drive bunch has really reimbursed the absolute obligation of $2.15 billion.

According to the report, “Regulatory filings reveal that banks have not released a significant portion of promoters’ shares held as collateral, indicating that the loan has not been fully repaid,” despite Adani Group’s claim of “full” repayment of $2.15 billion in share-backed loans.

In addition, the report states that the Adani group has only reduced the amount of the loan by pledging additional shares and avoiding legal action from the lenders.

According to reports, banks have only released the pledged shares of Adani Ports and SEZ following the group’s announcement of its prepayment.

“Even after a month of loan repayment, the pledged shares of Adani Green and Adani Transmission have not been released by the banks,” it added. This is exceptionally surprising as the promised shares are for the most part utilized by the borrower to reimburse his advance.” is issued as soon as possible.


Markets end FY23 in style; Sensex Nifty rally nearly 2% on firm global trends

Market, The final day of the fiscal year 2022-23 saw gains for benchmark indices, with a gain of nearly 2% on Friday, extending gains for...

Day trading guide for today: 6 stocks to buy or sell on Friday — 31st March

Trading, Day trading guide for today: Indian shares gained on Wednesday as global markets' increased risk appetite was aided by easing in the banking industry....

Financial, IT stocks aid Indian shares snap three-month losing streak

Financial, By Bharat Rajeshwaran BENGALURU (Reuters) - Indian shares rose on Friday, supported by a higher weighting of financial stocks and information technology (IT) stocks,...


Please enter your comment!
Please enter your name here


Most Popular

Trading the Inside Bar Pattern on Pocket Option Platform

Inside Bar Pattern Introduction Price movement on a chart is examined in price action trading. You may use candlesticks to predict where prices will move...

“Unlocking the Secrets: 4 Tricks of Successful Traders on Pocket Option Platform”

For a year, I have been trading on the Pocket Option platform. I sometimes succeed and sometimes fail. However, I was confident that if...

Identifying Mistakes That Lead to Losses on Pocket Option

Why do people lose their money when trading binary options New traders frequently take a significant financial risk while trading binary options. As a result,...

Weekly Income Plan on Pocket Option Platform”

Get weekly returns on Pocket Option It turned out that October was a terrific month for me. I am still able to generate money every...

Recent Comments