Adani’s stock initially had the shadow of Hindenburg! Stocks recover after crash

Stock Market Today: American short-seller firm Hindenburg claimed that SEBI chief Madhavi Puri Buch and her husband Dhawal Buch have stakes in offshore funds based in Bermuda and Mauritius. The report claimed that these funds were used by Gautam Adani’s brother Vinod Adani to buy and trade important shares in the Adani Group. After this allegation, Adani Group shares have fallen by up to 7%. The stock market opened with a decline on Monday morning but later saw recovery.

Here is a recovery environment in the open market after falling

At around 11 am, the Sensex recovered from the initial fall and climbed to 79,735 points. Similarly, the Nifty index also reached 24,360 points. However, during this time, the shares of Adani Group companies saw a decline. The reason for the decline is believed to be both the turmoil in the market due to the Hindenburg report and profit booking. Let’s see how much the shares of which Adani Group company fell?

Big fall in Adani Green
The stock of Adani Enterprises fell to Rs 3013 in today’s trading session. Earlier on Friday, this stock closed at 3186 points. The stock of Adani Port and Special Economic Zone opened at Rs 1480 and fell to Rs 1457 during the trading session. The stock of Adani Green Energy opened at Rs 1656.05 and later saw recovery. Adani Green Energy Solutions Limited opened at Rs 915.70 with a fall of Rs 190 and later rose to Rs 1060. Similarly, the stock of Adani Wilmar opened at Rs 370.

Adani Power fell 5 percent
Apart from this, the share of Adani Power fell by about 5 percent to open at Rs 660 and later it fell to Rs 619. However, later it was seen trading at Rs 674. The share of Adani Total Gas fell to Rs 753 and was seen trading again at Rs 828. The share of Ambuja Cement opened at Rs 616 and later is trading with a green mark. The share of ACC Limited opened at Rs 2311 and fell to Rs 2293.80. The share of NDTV, which opened at Rs 186.15, also saw recovery later.

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