Adani Share Price: Investors are banking on the assurance given by the Adani group amidst troubling reports. This is the reason that Adani Group Stocks, which were in the grip of a big fall for the last two days, returned to a good pace on Wednesday. Many shares of the group gained more than 5 percent in today’s business, While one jumped by 10 percent.
The rise in the prices of these shares
In the trading on the third day of the week, 7 out of 10 stocks strengthened, while two declined. One share remained almost flat. The highest gain of about 10 per cent was seen in Adani Enterprises, the flagship stock of the group. The share price of Adani Ports rose by more than 7 percent. Similarly, Adani Power, Adani Wilmar and NDTV gained 5-5 per cent each. ACC and Ambuja Cement were also gainers.
These stocks fell victim
On the other hand, selling continued in Adani Green and it declined for the third consecutive day. Today its price fell by more than 04 percent. A decline of about 05 percent was registered in the price of Adani Power. At the same time, the stock of Adani Transmission closed around the old level.
Performance of all stocks:
| company’s name | Today’s closing price (on BSE, in Rs) | Change (in %) |
| ndtv | 183.05 | 4.99 |
| Adani Enterprises | 1741.65 | 8.75 |
| Adani Green | 893.30 | -4.45 |
| Adani Ports | 636.50 | 7.25 |
| Adani Power | 182.50 | 4.98 |
| Adani Transmission | 1002.35 | -1.33 |
| Adani Wilmar | 386.70 | 5.00 |
| Adani Total Gas | 871.45 | -4.28 |
| acc | 1629.10 | 0.95 |
| Ambuja Cement | 364.45 | 1.52 |
Now loss from this report
The beginning of the last week of the current financial year was not good for the Adani group. The Ken report raised questions that the promoters of the group might not have repaid the loan installments against the pledged shares. This report had a bad effect on the shares of Adani Group. This put a brake on the rally going on in the shares of Adani Group for almost a month. After the report came out, all the 10 shares of Adani Group remained in decline for two consecutive days. Due to this report, in just two days, the mcap of Adani group companies was reduced by more than $ 01 billion.
Adani group gave this clarification
However, the Adani group rejected it, saying that wrong claims were made in Kane’s report. Adani Group says it has fully repaid a margin-linked share-backed loan of $2.15 billion. The group issued a statement in this regard and said that the pledged shares of group companies Adani Green, Adani Ports, Adani Transmission and Adani Enterprises have reduced. Seeing the fast return today, it seems that investors also have faith in the words of Adani Group and that is why the group’s shares have returned.
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