Adani crisis drowns rs 10 trillion of investors Adani Enterprises board meeting today

The Adani Group has taken a hit of over ₹10 trillion since the Hindenburg report. The group’s shares have lost ₹51,610 crore on Monday. On Monday, Nifty stocks Adani Enterprises fell 7% and Adani Ports fell 5.27%. Adani Total Gas, Adani Power, Adani Green and Adani Transmission closed at 5% lower circuit each. Let us tell you that the board of Adani Enterprises will meet on Tuesday i.e. today, in which the December quarter earnings of the company will be discussed.

Learn here what the government, SEBI and the petitioner said about the decline in Adani’s shares in the Supreme Court

Monday’s fall dented ₹8.98 trillion in Adani Group’s market cap. The decline in shares began after January 24, when American shirt seller company Hindenburg Research published its report. Hindenburg has claimed in his report that the listed seven companies of Adani Group are overvalued. The report also claims that the Adani Group has been engaged in stock manipulation and money laundering for decades. However, Adani has denied Hindenburg’s allegations as malicious.

Listed companies of Adani Group include Adani Ports, Adani Wilmar, ACC, Adani Transmission, Adani Green Energy, Adani Total Gas, Adani Enterprises, Adani Power, Ambuja Cements and NDTV. Among these, ACC, Ambuja Cements and NDTV were acquired by Adani Group last year.

whose market cap decreased by how much

The biggest decline has come in Adani Total Gas of 69 percent. Apart from this, the market capitalization of Adani Enterprises has declined by 50 percent. The Mcap of Adani Transmission has declined by 59 percent. The market capitalization of Adani Green Energy has decreased by 64 percent. The Mcap of Adani Port and Special Economic Zone has declined by 27 percent. The market capitalization of Adani Power decreased by 43 percent, Ambuja Cements by 31 percent, Adani Wilmar by 28 percent, ACC by 22 percent and NDTV by 30 percent.

Learn here what the government, SEBI and the petitioner said about the fall in Adani’s shares in the Supreme Court

Stocks such as Adani Enterprises, Adani Total Gas, Adani Green and Adani Transmission are under NSE’s Additional Monitoring Measures (ASM) framework, which bars excess margin for day trading, while Adani Ports and Ambuja Cements were pulled out of the ASM last week. Got out Adani Enterprises is under the so-called short-term ASM, while Adani Total Gas, Adani Green and Adani Transmission have been transferred from short-term to long-term ASM. The trade margin on Adani Enterprises has been increased to 65.17%, while the margin on Adani Green, Adani Transmission and Adani Total Gas has been increased to 100%.

Now the company changed the strategy

A Bloomberg report said that Gautam Adani’s group is now eyeing 15% to 20% revenue growth for at least the next financial year, well short of the 40% target. Meanwhile, capital expenditure plans will also be scaled down. This Bloomberg report states that the Adani Group prioritizes strengthening its financial health over aggressive expansion.

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