Hindenburg report has passed a month, Adani’s shares are still stuck in the locker circuit, know what is the price now
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Stocks falling continuously
The stocks of Adani Group are continuously falling down. Selling dominates in all stocks. Two more out of 10 shares of Adani Group have fallen by more than 70 per cent in the last one month. These stocks include Adani Green Energy and Adani Transmission. Talking about Adani Green Energy, it has suffered a loss of 73 per cent. At the same time, shares of Adani Transmission are also slightly down from 73 percent loss. Hindenburg analysts had said in their report that the valuation of seven stocks of the group is at least 85% higher. Talking about the rest of the Ahmedabad-based group companies, shares of Adani Enterprises have fallen by 60 per cent in the last one month. At the same time, six companies have lost 25% and 44% of their market value during this time.
Adani group is facing loss
Among the 10 Adani group companies, the market value of ACC in the cement sector has also declined. With the fall in share prices, the market capitalization of companies has also come down. The market capitalization of Adani Group has declined by 61.6% or Rs 11.8 lakh crore in the last one month to now stand at Rs 7.4 lakh crore. If we look at it in dollars, then this loss is a little more than $ 142 billion.
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