Shares of Adani group companies continue to fall
[ad_1]
copy photo
google creative common
Adani Enterprises sc after opening weak at Rs 1,597.95 further fell to Rs 1,433.60 on BSE, showing a decline of 9.50 per cent over its previous closing. Later it was trading at Rs 1480.65, down 6.54 per cent.
New Delhi. The trend of decline in the shares of Adani Group companies continued on Monday as well. Shares of Adani Enterprises fell 9.50 per cent in early trade on Monday. Adani Enterprises sc after opening weak at Rs 1,597.95 further fell to Rs 1,433.60 on BSE, showing a decline of 9.50 per cent over its previous closing. Later it was trading at Rs 1480.65, down 6.54 per cent. Shares of Adani Total Gas, Adani Power, Adani Green Energy and Adani Wilmar were trading with losses of up to five per cent on the BSE. At the same time, Adani Transmission came down by 10 percent.
On the other hand, Adani Ports and Special Economic Zone was trading at Rs 501.50, up 0.53 per cent. Apart from this, other companies associated with Adani Group. Ambuja Cements declined by 3.28 per cent, ACC by 0.82 per cent and NDTV by 4.98 per cent. The Gautam Adani-led group was accused of fraudulent transactions and manipulation of share prices in a report by US-based short seller Hindenburg Research. Since then, the process of decline in the shares of group companies started. The Adani Group, however, has rubbished the allegations saying that it has been complying with all legal and disclosure requirements.
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
other news
[ad_2]
Source link
