NSE Decision on Adani Stocks: Continuous updates are going on regarding the shares of Adani Group, which became the major reason for the recent fall in the Indian stock market. In this series, the National Stock Exchange has taken a big decision yesterday, which will affect the investors of two shares of Adani Group. Indian market National Stock Exchange of India (NSE) has revised the circuit limit of Adani Green Energy Limited and Adani Transmission Limited to 5 percent.
Change in price band was also done last week
Last week itself, the National Stock Exchange had revised the price band for the shares of these two Adani group companies (Adani Green Energy and Adani Transmission) from 20 per cent to 10 per cent. NSE has made this change so that any major movement in the shares of Adani Green Energy and Adani Transmission in a short span of time can be avoided, thereby avoiding the possibility of huge losses to the investors.
< h3 style="text-align: justify;">Adani Group gets a big blow
In the last 9 trading days, the market capitalization or market capitalization of all the companies of Adani Group has fallen by Rs 9.5 lakh crore i.e. about 49 percent. After the report of Hindenburg Research, there has been a huge fall in the prices of shares of Adani Group. On Monday, the first day of the week, at the close of trading, shares of six out of ten Adani group companies closed in losses. Adani Transmission fell 10 per cent, while Adani Total Gas, Adani Power, Adani Green Energy and Adani Wilmar hit the lower circuit, falling 5 per cent each.
Adani Transmission’s quarterly results came only yesterday
Yesterday, Adani Transmission has also announced its quarterly results and excellent figures have been seen in it. Adani Transmission Limited announced the results for the third quarter October to December of the financial year 2022-23. In the quarter ending December 31, 2022, the profit of Adani Transmission has jumped by 73 percent as compared to the same quarter last year. Adani Transmission posted a profit of Rs 478.15 crore as against Rs 283.75 crore in the third quarter of 2021-22.
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