Hindenburg Research Report: After the Hindenburg report on Saturday, the market has opened for the first time on Monday. The market has fallen as soon as it opened…
Monday can once again prove to be a black day for the Adani Group. After the new report of Hindenburg Research on the weekend, Adani Group shares registered a huge decline as soon as the market opened on Monday. In the initial session, Adani Group shares are trading at a loss of up to 17 percent.
This Adani stock fell the most
As soon as the market opened at 9:15 am, all the shares of Adani Group fell. Adani Energy Solutions started with a loss of about 17 percent on BSE. Although it showed a great recovery as soon as the business increased, but even after that the stock is in the red mark. At 9:30 am, the stock was trading at Rs 1,075.45 on BSE with a loss of 2.59 percent.
All Adani shares turned red
At 9:30 am, Adani Total Gas was at the maximum loss of 5.5 percent. Adani Power and Adani Wilmar shares were down by more than 3-3 percent. Flagship stock Adani Enterprises was at a loss of more than 2 percent. Similarly, Adani Green Energy was down by about 2.5 percent.
Opening status of Adani Group shares
Share price (in rupees) Loss (in percentage)
ACC 2319.05 1.35
Adani Energy Solutions 1075.45 2.59
Adani Enterprises 3115.50 2.24
Adani Green Energy 1736.85 2.43
Adani Ports and SEZ 1509.50 1.55
Adani Power 673.20 3.15
Adani Total Gas 830.30 4.50
Adani Wilmar 373.05 3.10
Ambuja Cement 629.85 0.37
NDTV 202.01 3.03
(9:30 am on BSE)
Stock market also suffered losses
The Indian stock market has also started with a decline today. The BSE Sensex opened at 79,330.12 points, down 375.79 points or 0.47 per cent, while the NSE Nifty opened at 24,320 points, down 47.45 points or 0.19 per cent.
The market reaction is according to estimates
The reaction of the market and Adani Group stocks is more or less according to analyst estimates. Analysts were saying that on Monday the market will not react to Hindenburg’s latest report like last time, when the market was shattered after the report came out and almost all Adani shares were hit by a lower circuit. In today’s trading, Adani shares are continuously showing strength after the initial setback and are showing signs of recovery.
There was a huge loss one and a half years ago
Earlier, when Hindenburg first targeted the Adani Group in January 2023, Adani’s shares suffered huge losses. For about a month after the report came out, the shares of the Adani Group kept falling and were constantly falling prey to the lower circuit. At that time, the shares of the Adani Group had fallen by more than 80 percent and the market cap had to suffer a loss of more than $ 150 billion.
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