Adani Group shares hit lower circuit limits; group m-cap drops over Rs 17,200 crore

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Adani Group shares hit lower circuit limits; group m-cap drops over Rs 17,200 crore

Adani Group Stock, Advance Total Gas, Advani Transmission Shares

Adani Group Stock, Advance Total Gas, and Advani Transmission Shares reached a 5 % less circuit in deals early in the morning. According to the stock market experts, the sale was expected to reduce the free float in these two stocks of MSCI's Adani Group. Experts said that the FIIS and FPIS who invest in the Index Fund follow MSCI and are expected to reduce their exhibition in these two Advanced shares based on MSCI's May Index review. Will Therefore, on Monday, the Indian stock market can sell tremendous sales from FPIS and FIIS.

As per reports group's market capitalization fell from Rs 8,90,749.72 crore to Rs 17,243 crore on Tuesday to Rs 8,73,505.74 crore. The group has now lost more than Rs 97,000 crore in market value in four sessions.

Adani Transmission closed at a 5 % lower circuit limit of Rs 965. Adani Green and Adani Total Gas also targeted the range of 5 % lower circuit. Adani Vilmer fell 0.34 percent to Rs 367.05.

Amboja cement increased by 1.3 %, ACC increased by 0.3 % while NDTV increased by 0.8 % to Rs 175.75.

“Adani Group strongly denies the news published by a digital publication The Ken, which has made a baseless and deliberately naughty claim that the group did not complete a share of $ 2.15 billion shared baked loan He is, "Read in a statement from Adani Group.

The group said in a statement that it had completed a full premise of $ 2.15 billion for the margin -related share -baked financing and that all related shares kept for these facilities have been released.


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