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    Vikshita Vitthal Gujaran in News

    27-Jan-2023 03:51 PM


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    Adani Group Stocks' Fall Continues After Allegations By US Research Firm

    The Adani group stocks continued to remain under pressure on Friday, falling up to 20 per cent in morning trade, after the US-based investment research firm Hindenburg Research made damaging allegations.
    Shares of Adani Total Gas plummeted 19.65 per cent, Adani Transmission tumbled 19 per cent, Adani Green Energy plunged 15.50 per cent and Adani Enterprises tanked 6.19 per cent on the BSE.

    Also, Adani Ports and Special Economic Zone fell 5.31 per cent, Adani Wilmar dipped 5 per cent and Adani Power declined 4.99 per cent.

    Adani Group Stocks' Fall Continues After Allegations By US Research Firm
    Adani Ports and Special Economic Zone fell 5.31 per cent. (File)


    New Delhi: The Adani group stocks continued to remain under pressure on Friday, falling up to 20 per cent in morning trade, after the US-based investment research firm Hindenburg Research made damaging allegations.
    Shares of Adani Total Gas plummeted 19.65 per cent, Adani Transmission tumbled 19 per cent, Adani Green Energy plunged 15.50 per cent and Adani Enterprises tanked 6.19 per cent on the BSE.

    Also, Adani Ports and Special Economic Zone fell 5.31 per cent, Adani Wilmar dipped 5 per cent and Adani Power declined 4.99 per cent.

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    In the broader market, the 30-share BSE benchmark plunged by 1,106 points or 1.84 per cent to trade at 59,098.37 in afternoon session due to heavy selling in financials, banking, oil and IT stocks.

    Led by Tata Motors and Bajaj Auto, the BSE Auto index bucked the trend and was the only sectoral index to trade in the green in morning session.

    Tata Motors was the lead gainer among Sensex shares rising by 5.14 per cent as the auto maker was back in black in the December quarter after two years.

    Bajaj Auto jumped 6 per cent while the BSE Auto index was marginally up at 29,619.19.

    Source - https://www.ndtv.com/business/adani-group-stocks-continue-to-fall-adani-total-gas-tanks-nearly-20-pc-3728336#pfrom=home-business_topstories