Due to Mahayuti’s victory in Maharashtra, there was a sharp rise in the stock market. But meanwhile, the downward trend in Adani Group shares also continued on Monday. On the first day of the trading week, Sensex rose 992 points to 80109 points, and Nifty rose 314.65 points to close at 24,221.90 points. But during this period, the rise in Adani Group shares could not be sustained, because investors are still scared and its effect is visible in the movement of the shares.
In fact, following questions raised first by Hindenburg and now by the American investigation agency, the Adani Group has suffered huge losses. Gautam Adani’s own net worth has decreased significantly, currently his net worth has reduced to around 70 billion dollars, due to which Gautam Adani has fallen to the 21st position in the Bloomberg Billionaires Index.
Meanwhile, Adani’s four companies have financially broken the backs of investors. Due to Indian selling, the share prices of these four companies have fallen to less than half of their 52nd high. That is, over the last one year, the share prices of these 4 Adani companies have dropped in half, so there are protests among investors.
1. Share with Adani Energy Solutions
The first name of this series comes from Adani Green Energy Solution. The price of which fell to Rs 622 on Monday. While the 52-week high of this stock is Rs 1,348. That is, in the last year the price of this share has been reduced by half.
2. Adani Total Gas Ltd Shares
This Adani Group company has given a big blow to investors. The 52 high of this stock is Rs 1,259.40, but due to continuous decline, the share of Adani Total Gas Limited fell to Rs 596 on Monday. This means that the ratio has been corrected by approximately 60%.
3. Adani Power Sharing
After the Hindenburg allegations, recovery was seen fastest in Adani PowerShare among Adani Group companies. Due to the sharp rise in the stock, the price had reached Rs 895.85. But first the poor quarterly results and now the accusations from the US investigative agency have caused an earthquake in the shares. Adani Power shares fell to Rs 450 at the end of trading on Monday. In one year the stock has corrected 50%, or rather, the price has been reduced by half.
4. Adani Green Energy Sharing
Adani Group investors who have invested in Adani Green Energy are also in bad shape. Adani Green shares have not been stable since the last month. The share price has fallen to Rs 955. While the 52-week high of this share is Rs 2,174, that is, this share has fallen 60 percent from its one-year high. In such a situation, it is natural for investors to worry.
