Adani Group Shares Experience Mixed Trends in Stock Market
The shares of Gautam Adani-led Adani Group witnessed mixed trends in the stock market on Friday, June 9. Out of the total 10 listed companies of the group, shares of 6 companies declined, while 4 witnessed an uptick. Adani Green Energy was the biggest loser, with its shares falling by approximately 1.26% to close at INR 963.95 on the BSE. Adani Power was the second biggest loser with a drop of around 1.04%, closing at INR 276.20. Adani Wilmer’s shares fell by 0.91% to end at INR 425.60, while NDTV’s shares dipped by 0.80% to close at INR 230.05. Adani Total Gas declined by 0.25% to settle at INR 669.25, while Adani Ports fell by 0.17% to close at INR 735.20.
On the other hand, Ambuja Cements’ shares witnessed the highest uptick of 0.95%, settling at INR 455.65. Among the group’s major companies, Adani Enterprises’ shares rose by 0.91% to end at INR 2,450.90. Adani Transmission and ACC both saw an increase of 0.24% to close at INR 831.25 and INR 1,838.15, respectively.
It is noteworthy that in January this year, the Adani Group had faced allegations of stock manipulation and accounting fraud by the US-based financial firm Hindenburg Research. The group had denied these allegations, but their shares had taken a hit, falling by 83%. However, they have not been able to recover completely since then.
Overall, the Adani Group’s shares witnessed a mixed trend in the stock market on June 9, with some companies experiencing losses and others seeing gains.
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