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Adani Group Shares: The rally in the shares of Adani Group, which continued for the last 3 days, stopped to some extent on Wednesday. Shares of 7 out of 10 companies listed in the stock market of the group closed with a red mark. At the same time, there was a boom in 3 stocks and all three closed by touching their upper circuit limits. The maximum decline was seen in the shares of Adani Enterprises, which is the main company of the group. Shares of Adani Enterprises closed 6% down at Rs 2,475.60 on the NSE on Wednesday. After this, the maximum decline was seen in the shares of Adani Wilmer. The stock touched its 5% lower circuit limit and closed at Rs 464.30 on the NSE.
Among the rest of the group’s shares, Adani Ports shares fell 2.15% to close at Rs 718.25 on the NSE on Wednesday. At the same time, the share of ACC also fell by 2.15% to close at Rs 1,780.40.
Apart from this, Adani Power lost 1.61 percent to close at Rs 256.05. While shares of Ambuja Cements fell 1.17 per cent to close at Rs 422.30. On the other hand, Adani Green Energy’s stock fell 0.46 percent to close at Rs 984.25.
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On the other hand, the 3 shares of Adani Group which closed sharply today include Adani Total Gas, Adani Transmission and NDTV. It is also interesting that all these three stocks closed by touching their upper circuit limits.
Shares of Adani Total Gas climbed 5% to close at Rs 796.50. On the other hand, Adani Transmission shares closed at Rs 911.40, up 5 per cent. NDTV shares closed at Rs 206.05, up 4.99%.
Why did the shares fall?
Experts say that profit-booking was the main reason behind the decline in most of the shares in Adani Group on Wednesday. Shares of Adani Enterprises and Adani Ports had earlier seen gains of 45% and 15% respectively in the last 3 days, after which traders booked profits on Wednesday.
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