Adani Ventures shares flooded 25% today, contacting an intraday high of Rs 1965.50 on BSE after a drop of 54% over the last eight exchanging meetings the repercussions of the Hindenburg Exploration report, which blamed the Adani bunch for controlling stocks and tax evasion.
Different portions of the Adani bunch organizations also were comprehensively exchanging the green today. Adani Transmission shares were secured in the upper circuit, rising 5% to Rs 1324.45 after the organization’s net benefit rose 73% on-year to Rs 478 crore, supported by a one-time pay of Rs 240 crore from an administrative request.
Increase in Adani Share Price
Adani Ports and Exceptional Monetary Zone shares rose 6.35% to Rs 580.70, in front of its financial second from last quarter results due sometime in the afternoon. Adani Green offers rose 2.75% to Rs 912.00; Adani Wilmar shares rose 5% to Rs 399.40; Adani Power Ltd fell 2% to Rs 178.80; and Adani All out Gas slipped 5% to Rs 1467.50.
The ascent in the Adani stocks follows the declaration made by the gathering on Monday that it will prepay advances supported by promised shares across bunch organizations Adani Green, Adani Transmission, and Adani Ports.
- Because of the research report of Hindenburg Adani companies faced a big loss and decrease in share price.
- Nearly 54% of Adani’s share price decreased in the last eight tradings which reflects on his asset value also.
- After this heavy loss now shares price of Adani companies increased by up to 25%.
Adani Green said that the gathering advertisers have posted as much as $1.1 billion of sum towards prepayment of the offer supported office in front of its development of September 2024. Adani bunch has delivered 12% of the advertiser holding in Adani Ports; 3% of the advertiser holding in Adani Green; and 1.4% of advertiser holding in Adani Transmission.
The nine organizations of the Adani bunch have lost more than 45% of their market capitalization in the past eight exchanging meetings, since the Hindenburg-Adani adventure. The Mcap Adani Ventures on Jan 24 was Rs 3.92 lakh crore, which has tumbled to Rs 1.79 lakh crore, as of February 6, recording a plunge of 54.33%.
ACC Concrete lost 15.69%, Adani Efficient power Energy failed 53.62%, Adani Ports fell 28.23%, Adani Power plunged 33.61%, Adani Absolute Gas drooped 60.24%, Adani Transmission sank 54.23%, Adani Wilmar plunged 33.63% and Ambuja Concretes slipped 23.89%.
The complete Mcap of the Adani Gathering organizations on Jan 24 was Rs 19.18 lakh crore and on Feb 6, it remained at Rs 9.80 lakh crore, a 48.88% fall.
