ReutersNEW DELHI: Adani Group shares fell on Thursday, extended losses to a fourth straight session. The stocks declined up to 7 per cent in morning deals, with shares of three out of the six listed companies hitting their lower circuit limits.
tanked 7 per cent to Rs 1,350.85 in morning deals, before recovering to Rs 1,429.45. declined 6 per cent to Rs 664.60, but recouped some of those losses to trade at Rs 706.85.
Other Adani Group stocks including , Adani Power and Adani Total Gas hit their lower circuit limits of 5 per cent each to Rs 1,300.90, Rs 120.90 and Rs 1,324.30, respectively.
Adani Green Energy was down 3 per cent at Rs 1,114, underperforming the S&P BSE Sensex index, which was down 0.19 per cent at 52,400.86.
Billionaire Gautam Adani’s empire was jolted this week after the Economic Times reported that three of the six Mauritius-based funds that have invested most of their money in the stocks of the group had their accounts frozen by NSDL. Adani Group refuted the report, calling it "blatantly erroneous”.
tanked 7 per cent to Rs 1,350.85 in morning deals, before recovering to Rs 1,429.45. declined 6 per cent to Rs 664.60, but recouped some of those losses to trade at Rs 706.85.
Other Adani Group stocks including , Adani Power and Adani Total Gas hit their lower circuit limits of 5 per cent each to Rs 1,300.90, Rs 120.90 and Rs 1,324.30, respectively.
Did you Know?
Stock score of Adani Enterprises Ltd moved down by 1 in a week.
View Latest Stock Report »Adani Green Energy was down 3 per cent at Rs 1,114, underperforming the S&P BSE Sensex index, which was down 0.19 per cent at 52,400.86.
Billionaire Gautam Adani’s empire was jolted this week after the Economic Times reported that three of the six Mauritius-based funds that have invested most of their money in the stocks of the group had their accounts frozen by NSDL. Adani Group refuted the report, calling it "blatantly erroneous”.
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