Shares of Adani’s companies declined in morning trade, Adani Enterprises fell by 4 percent
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Credit rating agency Moody’s has upgraded the outlook of the four group companies to ‘negative’ from ‘stable’. Its effect was visible in the group companies in the morning trade. Shares of Adani Enterprises fell 4.32 per cent to Rs 1,767.60 in morning trade on the BSE.
New Delhi. Shares of Adani group companies continued to decline in morning trade on Monday. Shares of group flagship Adani Enterprises plunged over four per cent. Credit rating agency Moody’s has upgraded the outlook of the four group companies to ‘negative’ from ‘stable’. Its effect was visible in the group companies in the morning trade. Shares of Adani Enterprises fell 4.32 per cent to Rs 1,767.60 in morning trade on the BSE. Adani Ports and Special Economic Zone was trading at Rs 568.90, with a loss of 2.56 per cent. Shares of several group companies touched their lower circuit.
Adani Power came at Rs 156.10, Adani Transmission at Rs 1,126.85, Adani Green Energy at Rs 687.75 and Adani Total Gas at Rs 1,195.35. All these stocks declined by five percent each. Ambuja Cements declined 3.34 per cent to Rs 349, Adani Wilmar declined 3.31 per cent to Rs 421.65, NDTV declined 2.25 per cent to Rs 203.95 on the BSE. ACC scrip was trading at Rs 1,853, down 1.49 per cent.
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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