Shares of Adani Group companies continue to fall, Adani Enterprises stock falls 9.5%
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New Delhi : After the report of American short selling firm Hindenburg Research, the shares of Adani Group companies continued to decline. With the opening of the market on Monday also, the shares of Adani Group companies started falling. Adani Enterprises shares fell 9.50 per cent in early trade on Monday. Adani Enterprises scrip further fell to Rs 1,433.60 on BSE after opening weak at Rs 1,597.95, showing a decline of 9.50 per cent over its previous closing price, reported news agency Bhasha. However, later it was trading at Rs 1480.65, down 6.54 per cent.
trading at a loss of five percent
According to the report, shares of Adani Total Gas, Adani Power, Adani Green Energy and Adani Wilmar were also trading at a loss of 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, another Adani Group company Ambuja Cements declined by 3.28 per cent, ACC by 0.82 per cent and NDTV by 4.98 per cent.
There are serious allegations in the report of Hindenburg Research
In a report by US-based short seller Hindenburg Research, the Gautam Adani-led group was accused of fraudulent transactions and manipulation of share prices. Since then, the process of decline in the shares of group companies started. However, the Adani group has denied these allegations as false, saying that it has been complying with all laws and disclosure requirements.
ruckus in parliament
The opposition’s uproar continues in Parliament on the Adani Group issue. Due to the uproar by the opposition, the proceedings of Lok Sabha and Rajya Sabha have been adjourned till 2 pm on Monday. Along with this, the opposition discussed the common strategy on Monday. Leaders of several opposition parties, including the Congress, on Monday discussed their joint strategy in Parliament and demonstrated in front of the statue of Mahatma Gandhi in the premises regarding the case related to the allegations leveled by ‘Hindenburg Research’ against the Adani Group and some other subjects. . These protesting leaders had also carried a big banner, on which it was written ‘Adani Scandal or JPC investigation or Supreme Court-monitored investigation’.
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