Adani Share Price: Adani Group has remained important for the stock market for the past several months. This year, Adani Group Stocks are making headlines only. After a controversial report (Hindenburg Report) came out at the end of January, even though the period of Adani Stocks Collapse started, but now it seems that again these stocks started flying (Adani Stocks Rally). Are. For the last few days, Adani’s shares are continuously rising. The same trend continued on Monday as well and six stocks of the group hit the upper circuit.
These stocks hit the upper circuit
BSE If you look at the figures, today six Adani Group companies Adani Green, Adani Power, Adani Transmission, Adani Wilmar, Adani Total Gas and NDTV ) got upper circuit on its shares. At the same time, there was a significant rise in the shares of Adani Enterprises, the flagship company of the group. During the business, the stock of Adani Enterprises jumped by about 10 percent. However, later there was some curb on its momentum.
Only two stocks declined
While shares of Adani Green, Adani Power, Adani Transmission, Adani Wilmar, Adani Total Gas and NDTV fell 5. Managed to take a lead of -5 percent. Adani Ports, another company of Adani Group, also showed good growth in the beginning and jumped more than 04 percent, but later its growth stopped and it closed with minor gains. On the other hand, two stocks of the group, ACC and Ambuja Cement, saw a slight decline today.
Today’s performance was like this:
|Company Name||Today’s closing price (in Rupees on BSE)||Change (in percent)|
|Adani Total Gas||820.90||4.99|
Shares were scattered like this
Let us tell you that on January 24, America’s short seller company Hindenburg Report was issued. In the said report, many serious allegations were made against the Adani group, including manipulating the prices of the shares. It was also said in the report that the shares of Adani Group are overvalued. After the report came to the fore, the movement of shares of Adani Group changed and they started falling upside down in almost every business. In about a month after the report came, Adani Group’s shares saw a huge fall of up to 80 percent and the mcap of the group fell by more than Rs 12 lakh crore. This also affected the net worth of the group’s chairman Gautam Adani. Gautam Adani, who once became the third richest person in the world, dropped out of the top-30 in the list of the world’s richest people after the report came out.
Adani group took these measures
However, the allegations made in the Hindenburg report were rejected outright by the Adani group. After this, the group took several measures one after the other to win back the confidence of the investors. The Adani group returned all the money to the investors of the FPO even after it was fully subscribed. The group’s assurances and measures started showing effect, albeit a little late. On the other hand, many of the world’s leading investors were looking to buy Adani Group’s shares, looking at its potential.
Investors started getting rich again
Corrections after the report gave a wonderful opportunity to one such NRRE investor, Rajeev Jain. Rajiv Jain’s company has invested Rs 15,446 crore in Adani Group’s 04 shares Adani Enterprises, Adani Ports and Special Economic Zone, Adani Green Energy and Adani Transmission. Put Rs. Jain has gained thousands of crores of rupees in just a few days.
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