6 Adani Group Stocks Settle Lower, 4 Firms Hit Upper Circuit Limit

New Delhi:

Shares of six Adani group corporations out of ten listed entities ended the day within the destructive territory on Monday amid a risky pattern within the fairness markets. 

On the shut, six of the group corporations had been within the purple territory whereas 4 had been within the inexperienced.

The inventory of Adani Enterprises Ltd (AEL) fell 1.20 per cent to shut at Rs 1,873.60 apiece on the BSE. The flagship agency’s market valuation dropped to Rs 2.13 lakh crore.

NDTV tanked 4.96 per cent to settle at Rs 222.15 apiece on BSE. In the course of the day, the shares of the media agency hit an intra-day low of Rs 222.10 — additionally its cheaper price band.

ACC tumbled 4.17 per cent to shut at Rs 1,770.10, Adani Wilmar plunged 3.95 per cent to settle at Rs 435.40 and Adani Ports and Particular Financial Zone (APSEZ) declined 2.42 per cent to finish at Rs 680.95 on the alternate.

Additionally, shares of Ambuja Cements dived 2.78 per cent to settle at Rs 367.85 on BSE. 

Nevertheless, 4 Adani group corporations, Adani Energy, Adani Transmission, Adani Inexperienced Vitality and Adani Whole Gasoline jumped 5 per cent every.

Adani Energy closed at Rs 215.50, Adani Transmission at Rs 949, Adani Inexperienced Vitality at Rs 717.20 and Adani Whole Gasoline at Rs 997.65 — additionally their higher value bands on BSE.

The 30-share BSE Sensex tumbled 897.28 factors or 1.52 per cent to shut at 58,237.85 factors. The NSE Nifty declined 258.60 factors or 1.49 per cent to settle at 17,154.30.

On Sunday, embattled Adani Group mentioned it has repaid loans aggregating USD 2.65 billion to finish a prepayment programme forward of the March 31 deadline to chop general leverage in an try and win again investor belief, put up a damning report of a US brief vendor.

Adani group shares ended on a combined observe on Friday amid a risky pattern within the fairness markets. At shut, 5 of the group corporations had been within the purple whereas the remainder had been in inexperienced territory.

After taking a beating on the bourses, following the report by US-based brief vendor Hindenburg Analysis, the group shares have recovered considerably in the previous few buying and selling periods.

The report had made a litany of allegations, together with fraudulent transactions and share-price manipulation, in opposition to it.

The group has dismissed the fees as lies, saying it complies with all legal guidelines and disclosure necessities.

(This story has not been edited by NDTV workers and is auto-generated from a syndicated feed.)

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