Winning Bizness Desk
Mumbai. The company has still not recovered from the blow that Adani Group has faced since the Hindenburg report came out and its effect is still being seen in its shares. Wednesday also proved to be a bad day for this group when most of the group's stocks started the business well, but they lost all the initial momentum in the day's trade. After the end of trading, most of the shares of Adani Group remained in loss. Notably, at the beginning of trading on the third day of the week, 7 out of 10 shares of Adani Group were up, while only 3 shares were in slight loss. At the same time, after the end of the trading, 7 shares of the group remained in loss and only 3 made marginal gains. In 4 stocks of the group, a decline of more than 1-1 percent was registered.
Almost all companies faced the heat
Flagship shares Adani Enterprises and Adani Power were the biggest losers after the end of trading. The prices of both of these broke up to 1.35 per cent. Adani Green also remained at a loss of more than 1 percent. The prices of Adani Ports and Adani Total Gas registered a decline of up to 0.80 per cent. Apart from these, Adani Transmission and Adani Wilmar also remained in losses today. On the other hand, a slight rise was registered in the prices of Ambuja Cement, ACC and NDTV.
Not Achche Din for Adani Group
The shares of Adani Group are going in loss for about one and a half months. During this, except for two-four days, they had to bear losses. This week seemed somewhat fine, but still the hopes of recovery are looking weak. Last week, 3 shares of the group were ex-dividend, even after that no significant buying could be done. Talking about the domestic market, there was profit booking pressure in both the BSE Sensex and NSE Nifty major indices today. These days the domestic markets are near the high level, in such a situation, investors are finding the right opportunity to recover this profit. Due to this, today both the major domestic indices closed in the red mark.