Shares of Adani Group companies fell once again, know what is the reason now
Shares of most of the companies of Adani Group once again got lower circuit on Tuesday. Even a few days before this, after a report, there was a tremendous decline in the shares of most of the companies of Gautam Adani's group for almost a week.
Shares of most of the companies of Adani Group once again got lower circuit on Tuesday. Even a few days before this, after a report, there was a tremendous decline in the shares of most of the companies of Gautam Adani's group for almost a week. It was said in this report that NSDL has frozen the accounts of three FPIs making huge investments in Adani Group. After this the company's shares fell flat. However, this report was later denied by Adani Group and then by National Securities Depository Limited. After a few sessions, the company's shares were stable, only then after a new reason came out, once again there was a tremendous decline in the shares of the companies.
Lower circuit in the shares of four companies on Tuesday
When the domestic stock market opened on Tuesday, the shares of three out of six companies of Adani Group (Adani Total Gas, Adani Green, Adani Transmission) got lower circuit. After some time, the stock of Adani Power also got lower circuit. Shares of Adani Enterprises and Adani Ports also saw a decline.
At 12:27 pm, the shares of Adani Green stood at Rs 930.20 with a loss of Rs 48.95 or five percent. Similarly, the share of Adani Enterprises was trending at Rs 1352.70 with a fall of 2.02 percent. At the same time, the share of Adani Ports saw a decline of one percent.
Know the reason for this decline
Minister of State for Finance Pankaj Choudhary told Parliament on Monday that market regulator SEBI and Directorate of Revenue Intelligence (DRI) are investigating the Adani Group companies. Adani group companies have been accused of violating the rules. Trinamool Congress MP Mahua Moitra gave this information in response to a question. Since then, once the shares of the companies fell badly.