₹ 80000 crore shock to Adani group companies in 3 days, know why the share car got derailed

Hit by the Hindenburg report, Adani Group shares were in recovery mode after February 27, but went off the bullish track in the last 3 days. The result was that the Adani Group suffered a huge blow of Rs 80,000 crore. The market capitalization of Adani Group companies saw a decline of 8.23 ​​percent. In just three days, the market cap of Adani Group fell by Rs 79,980 crore to Rs 8,90,750 crore from Rs 9,70,730 crore on March 23.

Adani Group’s market cap declined by Rs 29,931.64 crore on Monday and by Rs 594.18 crore on Friday, data from corporate database AceEquity showed. The group’s flagship company Adani Enterprises fell 7.08 per cent to Rs 1,601.25 on Tuesday. It has fallen 11 percent in three days. Adani Ports also fell 5.11 per cent to Rs 596.95, ending its three-day decline of 8.55 per cent.

Questions raised on debt payment of Adani group, CFO said – wait, everything will be clear

who share how much broken

Adani Power, Adani Transmission, Adani Total Gas, Adani Green Energy, Adani Wilmar and NDTV hit 5 per cent lower circuit on Tuesday. Adani Group’s two scrips ACC and Ambuja Cements declined 4.22 per cent and 2.91 per cent, respectively. On the other hand, NDTV fell 13.77 per cent in three days and Adani Group was the worst performer. After this comes the number of Adani Power (down 13.59 percent) and Adani Wilmar (down 12.60 percent) during this period.

Ambuja Cements (down 3.49 per cent), Adani Green Energy (down 4.78 per cent), Adani Transmission (down 6.32 per cent) were among Adani Group stocks that were least affected in the three-day decline. ACC and Adani Total Gas declined 7 per cent each in the three-day period.

Why Adani’s shares are getting beaten

A report by The Kane led to a drop in the group’s shares. The report has raised questions about whether the Adani Group has actually repaid the loan of $2.15 billion? Adani Group had earlier this month announced completion of full prepayment of margin linked equity-backed financing ahead of the committed deadline of March 31. It claimed that the pledged shares of Adani Green Energy and Adani Transmission were not released even a month after the bank announced repayment of the loan.