Adani Stock Update: The first buying and selling day of the brand new monetary 12 months 2023-24 has proved disappointing for Adani Group shares. Out of 10 shares of the group listed on the inventory trade, 8 closed with a decline. While the shares of each the cement firm ACC and Ambuja Cement closed sharply.

Shares of Adani Group’s flagship firm Adani Enterprises fell 1.89 per cent to Rs 1717, Adani Green Energy fell 4.96 per cent to Rs 837.45, Adani Ports fell 0.65 per cent, Adani Power fell 0.55 per cent to Rs 190.55 in Monday’s buying and selling session. , Adani Total Gas fell 2.58 per cent to 2.58 per cent, Adani Wilmar fell 2.50 per cent to Rs 395.70 and NDTV fell 2.87 per cent to shut at Rs 186. After a fall of 5 per cent within the inventory of Adani Transmission, decrease circuit occurred and the inventory closed at Rs 943.

Shares of each the cement firms of Adani Group closed sharply. ACC closed at Rs 1709 with a acquire of two.51 per cent and Ambuja Cement closed at Rs 375 with a acquire of two.53 per cent.

Why Adani shares fell

This fall within the shares has come after the information of investigation within the shares of Adani Group by the inventory market regulator SEBI got here to the fore. SEBI is probing the matter of irregularity and violation of regulatory guidelines in third social gathering transactions. According to Reuters, SEBI is probing the transactions of group firms with three offshore firms linked to Adani Group Chairman Gautam Adani’s brother Vinod Ambani.

After the Hindenburg Research report got here out, there was an enormous decline within the shares of Adani Group. But after US-based GQG Partners purchased stake in group firms for Rs 15,000 crore, the shares began recovering. But as soon as once more the shares of Adani Group are underneath strain on account of damaging information.

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