Shares of most Adani Group firms continue to decline, market cap down 51%
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New Delhi : Shares of most of the Adani Group companies closed with losses on Friday as well. MSCI, which provides financial indices, has said that it is reducing the ‘free float’ status of some securities of group companies. After this step of FSCI, the share of Adani Enterprises came down by 4 percent. Eight Adani Group companies ended with losses, while two others closed with gains amid a mixed trend in the market. The biggest thing is that the market cap of Adani Group has now declined by 51 per cent as compared to 24 January.
Adani Group’s market cap fell 3.3 percent on Friday
The market capitalization of Adani group companies declined by 3.3 per cent on February 10 following MSCI’s decision. HDFC Securities Head of Retail Research Deepak Jasani said the market capitalization of group companies is now down 51 per cent as compared to January 24 Is. Shares of Adani Enterprises closed at Rs 1,847.35, down 4.15 per cent on the BSE. It fell 10 per cent to Rs 1,734.60 during the day’s trading. The company’s market capitalization declined by Rs 9,114.31 crore to Rs 2.10 lakh crore.
Adani Power shares closed at Rs 164.30.
With this, Adani Power shares closed at Rs 164.30. Similarly, Adani Transmission was at Rs 1,186.15, Adani Green Energy at Rs 723.90 and Adani Total Gas at Rs 1,258.25. NDTV shares fell 3.65 per cent to Rs 208.65, ACC fell 1.85 per cent to Rs 1,881 and Adani Wilmar fell 0.95 per cent to Rs 436.10. While Ambuja Cements shares closed at Rs 361.05, up 0.85 per cent, while Adani Ports and Special Economic Zone shares closed at Rs 583.85, up 0.31 per cent.
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