gautam adani news, Gautam Adani: These shares of Adani Group are in bad condition due to Hindenburg’s report, market cap reduced by more than $ 100 billion – hindenburg research jolts adani group three shares hit 52 week lows know details
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These stocks reached the lowest level of 52 weeks
Shares of three companies of Adani Group have reached their lowest level of 52 weeks today. These stocks include Adani Green Energy, Adani Transmission and Adani Total Gas. Apart from these, the stock of Adani Power has also fallen by five per cent. Volatility is also being seen in the shares of other companies of the group. After the report of Hindenburg Research, the shares of Adani Group are seeing a decline. This decline is still going on. Shares of Adani Green Energy fell five per cent to Rs 723.90. This is its 52-week low. It had touched Rs 3,048.00 on April 19 last year, which is its one-year high. The share price of Adani Transmission has also declined by five per cent to Rs 1186.15. Its highest level is Rs 4,238.55. The stock had reached this milestone on September 16 last year. The stock of Adani Total Gas also reached the lower circuit on Friday. It had come down to Rs 1258.25 with a fall of five per cent. Its 52-week high is Rs 3,998.35.
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refused to give loan
In the weeks after Hindenburg Research accused Adani of financial impropriety, some banks refused to give loans against Adani’s shares. Meanwhile, Moody’s on Friday lowered its outlook on six of Adani’s bonds, giving them an ‘investment grade’. Some have cautiously defended Adani. For example, Norway’s sovereign wealth fund sold its holdings in three Adani shares in one go. While Goldman Sachs has given ‘Buy’ rating to Adani Ports, a subsidiary of Adani Group.
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