Adani Group shares hit lower circuit
The combined market valuation of all 10 listed firms eroded by Rs3.64 lakh cr to Rs15.78 lakh cr
image for illustrative purpose
New Delhi: Shares of all Adani Group companies tumbled on Tuesday, with many firms hitting their lower circuit limit, as counting trends showed the ruling BJP may fall short of a clear majority in the Lok Sabha elections.
The combined market valuation of all the 10 listed firms eroded by Rs3.64 lakh crore, tracking sharp declines in the group companies. At the close of trade, the stock of Adani Ports plummeted 21.26 per cent, Adani Energy Solutions plunged 20 per cent, group’s flagship firm Adani Enterprises tanked 19.35 per cent, Adani Green Energy dived 19.20 per cent on the BSE. Adani Total Gas declined 18.88 per cent, NDTV went lower by 18.52 per cent, Adani Power slumped 17.27 per cent and Ambuja Cements tumbled 16.88 per cent.
Shares of ACC plunged 14.71 per cent and Adani Wilmar dropped 9.98 per cent. Eight of the 10 group firms hit their lower circuit limits during the day.
