Monday, December 4, 2023

Adani Enterprises Share Price Closing 23 March Flagship Stock Looses…

Adani Share Price: Adani Group Stocks, one of the country’s leading business houses, are performing well again. The rally in the shares of the group has been going on for almost a month and due to this the market capitalization of Adani Group (Adani Group MCap) once again reached close to Rs 10 lakh crore in today’s trade. However, four stocks, including the flagship stock of the group, suffered losses in Thursday’s trade.

These stocks lost initial momentum

Today, almost all the scrips of the group made a good start to the business. In the opening trade, only one share Ambuja Cement was seeing a decline of about 0.50 per cent. By the end of the trading, this stock went to a loss of about one percent. On the other hand, flagship stock Adani Enterprises lost opening momentum and went into loss of more than 1 per cent. Apart from these, the prices of Adani Ports and Adani Power also declined, while both were profitable in the initial trade.

Upper circuit on these three stocks

On the other hand, three shares of the group Adani Green, Adani Transmission and Adani Total Gas hit upper circuit today. Adani Green’s price has been hitting the upper circuit for several consecutive sessions. For more than three weeks, its price has increased by 5 percent in almost every session. The same trend continued in today’s trade as well and it ended the trade with an upper circuit of 5 per cent.

they also benefited

Adani Group’s second cement stock ACC (ACC) remained almost flat throughout the day and closed in the green with slight gains. Apart from this, the prices of NDTV and Adani Wilmar also increased today.

Performance of all stocks:

company’s name Today’s closing price (on BSE, in Rs) Change (in %)
ndtv 201.35 0.50
Adani Enterprises 1799.20 -0.83
Adani Green 982.45 5.00
Adani Ports 653.50 -0.58
Adani Power 201.55 -1.13
Adani Transmission 1084.25 5.00
Adani Wilmar 421.65 0.44
Adani Total Gas 983.30 5.00
acc 1739.35 0.01
Ambuja Cement 372.00 -0.98

This is how the mcap of the group fell

Adani Group’s MCAP has suffered a lot during the past few times. At one time the mcap of the group companies was Rs 19.20 lakh crore, but after the Hindenburg report came out on January 24, it came down to Rs 07 lakh crore. However, it has made a comeback for the last one month and again the MCAP has reached close to Rs 10 lakh crore.

revelation is about to happen again

Today, the shares of Adani Group have performed well on such an occasion, when Hindenburg has announced another big disclosure. American firm Hindenburg has tweeted that it is going to release another big report. Although he has not told which company or group the report is about.

read this also: Adani will get the next blow from here? Know what is the indication of this rating agency

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