Adani Group Shares: Adani Group's shares recover after the continuous decline, stock of every company shows a boom

Posted on 29th Mar 2023 by rohit kumar

Adani Group Shares: After seeing a fall in the shares of its 10 companies for the second consecutive day, the shares of Adani Group saw a rise on Wednesday. All the ten scrips of the group were trading in the positive zone. Let us tell you that the shares of all ten listed firms of Adani Group closed down on Monday and Tuesday, out of which Adani Enterprises saw a decline of up to 7 per cent on the previous day.

 

Adani Group shares gain

Adani Enterprises gained 5.46 per cent, Adani Power 4.98 per cent, Adani Ports 4.70 per cent, Adani Wilmar 4.22 per cent and Adani Green Energy 4.15 per cent on the BSE on Wednesday. Besides this, the stock of NDTV gained 3.73 per cent, Adani Transmission 2 per cent, Adani Total Gas 2 per cent, Ambuja Cements 1.94 per cent and ACC 1.92 per cent.

 

Shares fell because of this

Shares of the group declined on reports of non-matching of loan payments with pledged shares. At the same time, the impact of the allegation made by US short seller Hindenburg Research on the Adani group is still being seen on the companies.

 

CFO gave information

After Adani Enterprises shares fell up to 7 per cent on Tuesday, Group CFO Jugeshinder Robbie Singh said in a Twitter post that the relevant exchange data will be updated at the end of the quarter and after that everything will be clear. Stock exchanges update data on promoter share pledging at the end of the quarter and hence are not matching the group's statement of repayment of share-backed debt of US$ 2.15 billion.

 

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