Shares of Adani Group companies fell sharply, Adani Transmission stocks fell 41% in three days

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New Delhi : After the report of American financial research company Hindenburg Research, the shares of Adani group companies continued to decline for the third consecutive day on Monday. Shares of group companies have been continuously falling since last Tuesday. America’s short selling company Hindenburg Research has accused Adani Group of fraud in its report. Since the arrival of this report, the shares of the companies of the group have been continuously falling.

Adani Transmission shares fell 41.66 percent

According to the report of the news agency Bhasha, since the close of trading on Tuesday, Adani Transmission shares have lost 41.66 per cent on BSE. Adani Total Gas declined by 39.57 per cent, Adani Green Energy by 37.55 per cent and Adani Ports by 23.75 per cent. Tuesday’s closing price of group companies’ shares has been compared with the day’s trading on Monday.

Shares of Ambuja Cements declined by 22.77 percent.

Apart from this, according to the report, shares of other Adani group companies include Ambuja Cements 22.77 per cent, ACC 20.32 per cent, Adani Enterprises 19.51 per cent, Adani Wilmar 14.25 per cent, Adani Power 14.24 per cent and NDTV 14.22 per cent. has declined. The stock markets were closed on Thursday on Republic Day.

Market capitalization declined by Rs 4.17 lakh crore

The Adani group had issued a 413-page response on Sunday in response to the allegations by American company Hindenburg Research. After this, on Monday, Hindenburg stood by his allegations and said that the Adani group cannot cover up the fraud with nationalism. Shares of Adani group companies fell by 20 per cent on Friday. There was a decline of Rs 4.17 lakh crore in the market capitalization of group companies. Bank shares and Life Insurance Corporation (LIC) shares have also declined due to loans and investments in Adani group companies.

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