Adani Group: Gautam Adani hit by Rs 31,000 crore, all stocks fall again
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Due to this fall, Adani Group was the biggest loser in Adani Power’s stock on BSE by 4.98 percent, while Adani Transmission also suffered a loss of 4.98 percent. Similarly, shares of Adani Wilmar declined by 4.93 per cent while Adani Total Gas registered a loss of 4.91 per cent. Shares of the group’s media company NDTV fell 4.60 per cent, while Adani Green Energy declined 4.40 per cent. Adani Ports and SEZ (APSEZ) declined by 1.43 per cent, ACC by 1.01 per cent, Adani Enterprises by 0.99 per cent and Ambuja Cements by 0.59 per cent.
Adani’s net worth also fell
During the trading, shares of many Adani Group companies had reached the lower circuit. In contrast, the benchmark BSE index Sensex closed at 57,653.86, up 126.76 points, or 0.22 per cent, in volatile trade amid Adani Group shares. The shares of Adani Group have been witnessing huge fluctuations ever since the Hindenburg Research report came out. In this report, the group was accused of rigging the prices of shares and financial irregularities, but the group has rejected all the allegations. But the fall in shares, the group’s chairman Gautam Adani also slipped from third to 35th in the list of the world’s rich. Currently he is at number 21 in this list. According to Forbes, Adani’s net worth decreased by $ 1.6 billion due to the fall in shares on Monday.
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