New Delhi: Shares of six of the ten listed entities of Adani group firms closed in the negative territory on Monday amid a volatile trend in the equity markets. At the end, six firms of the group were in the red zone while four were in the green. Shares of Adani Enterprises Limited (AEL) closed 1.20 per cent lower at Rs 1,873.60 on the BSE. The market valuation of the flagship firm declined to Rs 2.13 lakh crore.
NDTV closed 4.96 per cent down at Rs 222.15 on the BSE. During the day, shares of the media firm hit an intra-day low of Rs 222.10 – also its lower price band. ,ALSO READ: ‘Your deposits will be there when you need them’: US President Joe Biden on SVB crisis,
ACC fell 4.17 per cent to close at Rs 1,770.10, Adani Wilmar fell 3.95 per cent to Rs 435.40 and Adani Ports and Special Economic Zone (APSEZ) fell 2.42 per cent to Rs 680.95. ,Also read: Mumbai: Woman switches from iPhone to Android phone to activate credit card, duped of Rs 7 lakh – here’s how,
Besides this, shares of Ambuja Cements closed at Rs 367.85, down 2.78 per cent on the BSE. However, four of Adani group companies, Adani Power, Adani Transmission, Adani Green Energy and Adani Total Gas, jumped 5 per cent each.
Adani Power closed at Rs 215.50, Adani Transmission at Rs 949, Adani Green Energy at Rs 717.20, and Adani Total Gas at Rs 997.65 – also their upper price bands on the BSE.
The 30-share BSE Sensex closed at 58,237.85, down 897.28 points or 1.52 per cent. The NSE Nifty closed 258.60 points, or 1.49 per cent, down at 17,154.30.
On Sunday, the beleaguered Adani Group said it has repaid a USD 2.65 billion loan to meet a prepayment program ahead of a March 31 deadline to cut down on total leverage in an effort to win back investor confidence.
Shares of Adani Group closed with a mixed trend on Friday amid volatility in the stock markets. Nearby, five group companies were in the red while the rest were in the green zone.
Shares of the group have recovered significantly in the last few trading sessions, after taking a beating on the exchanges following a report by US-based short seller Hindenburg Research.
The report made several allegations against it, including fraudulent transactions and share-price manipulation. The group has dismissed the allegations as false, adding that it complies with all laws and disclosure requirements.