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Adani Group Shares: Shares of Adani Group, led by billionaire industrialist Gautam Adani, fell sharply on Tuesday, 30 May. Shares of 7 out of 10 listed companies of the group fell on Tuesday. While the remaining 3 stocks closed sharply. This fall in the shares of Adani Group has come at a time when many of its shares are in focus due to the fourth quarter results. The maximum decline was seen in the shares of Adani Total Gas, which fell 4.27% to close at Rs 698.05 on the NSE.
After this, the biggest decline was in the shares of Adani Transmission, which fell 3.35% to close at Rs 804.30 on the NSE. Among the rest of the group’s scrip, Adani Wilmer closed at Rs 435.70, down 2.67 per cent on Tuesday.
On the other hand, Adani Power closed at Rs 251.10, down 2.07 per cent. Shares of Adani Enterprises, the group’s flagship company, declined 1.48 per cent and closed at Rs 2,496.45 on the NSE.
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Apart from this, the share of Adani Green Energy fell by 1.12% and closed at Rs 966.85. While Adani Ports shares fell 0.47% to close at Rs 734.05.
On the other hand, 3 shares of Adani Group closed sharply today. These stocks include ACC, Ambuja Cements and NDTV. Out of this, the shares of NDTV are still in upper circuit.
Also read- Adani Ports Q4 results: Company’s net profit increased by 5%, company will distribute dividend of ₹ 5 per share
Shares of ACC closed at Rs 1,798.40, up 0.22% on the NSE. On the other hand, the shares of Ambuja Cements closed at Rs 430.90 with a gain of 0.91. While NDTV’s stock climbed 4.99% to close at Rs 250.40.
Hindenburg gave blow to Adani Group
Hindenburg Research, a US-based financial firm, released a report on Adani Group on January 24 this year. In this, Adani Group companies were accused of stock manipulation and accounting fraud. The group had denied the allegations but its shares could not handle the blow. After these allegations, the shares of the companies of the group were broken by 83 percent. So far, the shares of any company of Adani Group have not been fully recovered.
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