The stock market rose after the budget, but see what are the shares of Adani Group

off the list

Mumbai : Finance Minister Nirmala Sitharaman presented the budget today. After this the stock market opened with gains. After Sitharaman’s budget speech, the Sensex of the Mumbai Stock Exchange saw a gain of about 1000 points. It ended the day at 59,708, up only 158 points. But today again there was strong selling in the companies of Gautam Adani Group. Shares of Gautam Adani Group flagship Adani Enterprises plunged nearly 28 per cent and were trading at Rs 2,129 after falling Rs 846.

continued decline

Shares of Adani Group’s Adani Port and Special Economic Zone declined by ₹109. The stock fell nearly 18 per cent to ₹504. Shares of Adani Transmission Ltd were about 1 per cent lower and trading at Rs 1,760, down by Rs 14.

Adani Power shares fell 5 per cent. The stock was trading at ₹ 212, down ₹ 11. Shares of Adani Wilmar also fell more than five per cent and were now trading at Rs 443.

Shares of Gautam Adani Group flagship Adani Enterprises plunged nearly 28 per cent and were trading at Rs 2,129 after falling Rs 846.

green energy declines

Shares of Adani Green Energy Limited have registered a decline of more than 5 per cent and it is trading at Rs 1160, down by Rs 63. Shares of Adani Total Gas fell 10 per cent. The stock fell ₹210 and was trading at ₹1893.

The American company Hindenburg released a report. The report claimed that the Adani group has inflated its wealth by manipulating the stock market. After this report came to the fore, the shares of many companies of Adani fell. In the list of the rich, Adani’s number has jumped from the third position to the 11th position. Meanwhile, the Adani Group has claimed that all these allegations are false and that the Hindenburg report is based on partial and misinformation.

413 page reply to allegations

Yesterday, the Adani Group filed a 413-page reply to Hindenburg’s allegations. In which the claims of the report are false, it is a planned attack on India by the Hindenburg Company. It has been claimed that there is a conspiracy behind this to provide financial benefits to American companies.