Adani Group Stocks: After Hindenburg’s new attack on Adani Group, the shares of its companies are declining today. In early trade, Adani Power has fallen 1.23 percent to Rs 643.10. Adani Enterprises was also trading at Rs 2968.95 with a decline of 0.74 percent. Adani Ports was also at Rs 1461.45 with almost the same loss. Adani Wilmar had a slight decline and was trading around Rs 361.
Why did Adani’s shares fall?
The impact of Hindenburg’s latest allegations is also being seen on the shares of Adani Green and Adani Energy Solution. These too have fallen. However, ACC, Ambuja Cement and NDTV are in the green.
Let us tell you that US-based short seller Hindenburg Research has claimed that Swiss authorities have frozen more than $310 million in several Swiss bank accounts linked to the ongoing money laundering and securities investigation involving the Adani Group. However, the Adani Group has termed these allegations as baseless.
Also read: Adani Group’s Swiss bank accounts frozen! Hindenburg’s allegations termed absurd
How did Adani Group shares perform on Thursday?
Shares of Adani Enterprises Limited closed up 1.84 per cent at Rs 2,991.40 on the BSE on Thursday, September 12, 2024. Whereas, shares of Adani Ports and Special Economic Zone Limited closed at Rs 1,472.25, up 2.94 per cent or Rs 42.05.
Adani Green Energy Ltd. fell 0.30 per cent or 5.40 points to close at Rs 1,809.00 and Adani Power Ltd. rose 3.92 per cent to Rs 651.35. Ambuja Cements Ltd. also gained 1.04 per cent to close at Rs 628.95. On the other hand, Adani Total Gas Ltd. fell 0.06 per cent to close at Rs 805.40.
(Disclaimer: Experts’ recommendations, suggestions, views and opinions are their own, not of anytv. Here only stock performance information is given, it is not an investment advice. Investment in the stock market is subject to risks and consult your advisor before investing.)
