Adani's company caught sight of Israel, Rs 8561 crore lost in 6 hours

Adani Ports Share Price: The war between Israel and Hamas has increased the concern of investors around the world. Its effect is now visible on Adani Group company Adani Port also. A huge decline has been recorded in this company of Adani Group on Monday. This company has suffered a loss of Rs 8,561 crore in just 6 hours.

The war between Israel and Hamas is continuously increasing. After one after another massive attacks on Israel by Hamas, the matter between the two countries is becoming more heated. Meanwhile, India has supported Israel on Hamas attacks. At the same time, due to the war between Israel and Hamas, India's leading businessman Gautam Adani has suffered huge losses.

In fact, Adani Port, a company of Adani Group, also has business in Israel. On Monday, a huge fall was recorded in the shares of this company of Adani Group. Due to this fall in shares, there has been a huge decline in the market cap of the company. Due to this decline, a decline of Rs 8561 crore has been recorded in the market value of Adani Ports and SEZ.

8561 crore Swaha in 6 hours

On Monday, shares of Adani Group company Adani Ports and SEZ fell by 4.85 percent. The shares of Adani's company fell by about 40 points and reached Rs 790.45. When the stock market closed on Friday, the shares of this company were at 830.50 paise. But as soon as the market opened on Monday, there was a sharp decline in the shares of Adani Ports. On Monday, at 9.30 am, this share came to the level of Rs 801 and by the time of closing of the market, this share came to the level of Rs 790 at 3.11 am. After this fall, the company had to suffer a loss of Rs 8561 crore in just 6 hours.

Why was there huge loss?

In fact, the country's veteran businessman Gautam Adani has invested heavily in Israel. Adani Group company Adani Ports and SEZ has invested Rs 1.18 billion in Israel in collaboration with Israeli company Gadot. There is a deal between these two companies for Israel's largest port, Haifa Port. Now due to the bad environment of Israel, the Indian stock market has also declined. The impact of the decline in the stock market is also visible on Adani Port.

Adani Group's statement

Looking at the situation in Israel, Adani Group has said in its statement that it is continuously monitoring the situation. The company is taking all necessary steps for the safety of the employees present there. The company spokesperson says that the share of Israel's Haifa Port in the total business of Adani Port is very less, only 3 percent. The company is ready to continue business at Haifa, if there is a change in the situation then the company has also made preparations for that.