Adani Group Share: 11 lakh crore Swaha… Gautam Adani’s strategy is not working, the fall in shares continues today – adani group lost rs 11 lakh crore market cap gautam adani slips to 26th position
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Apart from Adani Transmission, Adani Green Energy and Adani Total Gas, shares of Adani Enterprises, Adani Wilmar, Ambuja Cements and ACC also declined on Tuesday. On the other hand, shares of Adani Ports (APSEZ), Adani Power and NDTV gained momentum. The stock of Adani Enterprises has fallen 61 per cent from its 52-week high. Similarly, the stock of Adani Ports has come down by 40 per cent from the top.
no idea is working
Gautam Adani is making every effort to give confidence to the investors but none of his tricks are working. After the report of Hindenburg Research, the company has changed its strategy. Now its focus is on improving its financial position rather than expanding aggressively. The group has said to repay the loan of Rs 5,000 crore this year. Adani Ports on Monday cleared dues of Rs 1,500 crore to SBI Mutual Fund and has promised to pay another Rs 1,000 crore by March. Also Adani Group has decided not to bid for PTC India.
Adani Group: NSE gave good news to Gautam Adani, now shares will rise!
Meanwhile, Gautam Adani, chairman of the Adani Group, has slipped to the 26th position in the list of the rich. According to the Forbes Real Time Billionaire Index, his net worth fell by $2.9 billion on Tuesday to $46.7 billion. This year, his net worth has declined by about $ 73 billion. Before the report of Hindenburg Research, Adani was at number three in the list of the world’s rich. In this list, Reliance Industries Chairman Mukesh Ambani is at number eight with a net worth of $ 85.7 billion.
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