gautam adani, as soon as this news came, Adani’s shares fell, stocks of 9 group companies closed down, see details – gautam adani why adani shares fall today
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Why did Adani’s shares fall?
In fact, two Adani Group companies have been dropped from the MSCI Global Standard Index. These companies are Adani Transmission and Adani Total Gas. It has been said on behalf of the index that this decision on both these companies will be effective after the end of trading on 31 May. After the arrival of this news, there has been a big decline in the shares of Adani. Shares of Adani Enterprises, the flagship company of Adani Group, closed at Rs 1963.55, down more than one per cent. Shares of Adani Green Energy closed down at Rs 895.65.
Shares of Adani Ports also closed at Rs 700 level with a fall of one per cent. Adani Power’s stock closed down at Rs 240.85.
Gautam Adani: Market up 700 points, then why Adani’s shares fell upside down, lower circuit in two
These shares fell more than 4 percent
Shares of Adani Total Gas have seen a decline of more than 4 percent today. These shares have closed at the level of Rs 820.45. Shares of Adani Transmission closed at Rs 884.15, down more than three per cent. Weakness has also been seen in the stock of Adani Wilmar today. The shares closed down at Rs 392.45. Shares of Ambuja Cement have also declined. These shares have closed at the level of Rs 409.75. Today, among Adani Group companies, only ACC shares closed at Rs 1798.45 with an increase.
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