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Wednesday, June 5, 2024

Adani suffered record loss due to election results, lost Rs 3.64 lakh crore


At the end of trading, Adani Ports' stock plunged 21.26 percent, Adani Energy Solutions 20 percent, group's flagship company Adani Enterprises 19.35 percent, Adani Green Energy 19.20 percent. Adani Total Gas fell 18.88 percent, NDTV 18.52 percent, Adani Power 17.27 percent and Ambuja Cement 16.88 percent.

Exit polls, stock market and Adani shares boom. These things are 24 hours old now. The new news is that after the election results, Adani Group has suffered a record loss. The shares of all the 10 companies of the group have fallen sharply. Due to which the group's market cap may see a loss of Rs 3.64 lakh crore. Be it Adani Port or Adani Energy. You can also take Adani Enterprises here. In which a decline of 19 to 21 percent has been seen. The special thing is that many shares of Adani Group were seen trading close to the lower circuit. Let us see what kind of figures are being seen in the shares of Adani Group after the stock market closed.

Big fall in Adani shares

At the end of trading, Adani Ports' stock plunged 21.26 percent, Adani Energy Solutions 20 percent, the group's flagship company Adani Enterprises 19.35 percent, Adani Green Energy 19.20 percent. Adani Total Gas fell 18.88 percent, NDTV 18.52 percent, Adani Power 17.27 percent and Ambuja Cement 16.88 percent. On the other hand, ACC's stock fell 14.71 percent and Adani Wilmar 9.98 percent. During trading, eight out of the 10 companies of the group had reached the lower circuit.

Shares fell by 25 percent

During trading, Adani Enterprises had reached the lower circuit of 25 percent. Adani Ports had fallen 25 percent and Ambuja Cements had fallen 22.5 percent to reach the lower circuit level. Adani Power had fallen 20 percent and Adani Energy had fallen 20 percent to reach the lower circuit limit. Adani Green fell 20 percent and Adani Total Gas fell 19.89 percent. NDTV had reached the lower circuit level with a fall of 19.98 percent and ACC had reached the lower circuit level with a fall of 19.69 percent. Adani Wilmar's stock also reached the lower circuit level with a fall of 10 percent.

Adani suffers huge loss

The market cap of 10 listed companies of Adani Group has come down by Rs 3,64,366.12 crore to Rs 15,78,346.79 crore. Whereas on Monday the market capitalization of the listed companies of the group was Rs 19,42,712.91 crore. The special thing is that a day earlier, the market cap of the group had seen an increase of more than Rs 1.50 lakh crore. During the trading session, the market cap of the group had also crossed Rs 20 lakh crore. But today no one was ready for such a big fall in the market. After the exit poll figures came, everyone was assuming that BJP would easily form the government on its own. But till late evening, the figure of NDA 300 seats is not even visible.

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