Shares of Adani Group companies continue to fall heavily. Today, a decline from 1.07% to 4.77% was seen in Gautam Adani’s companies. Let us tell you for information that before this Gautam Adani has made all efforts to stop the decline of his companies. But now it seems that investors have made up their mind to sell from Gautam Adani’s companies. And this seems to be the result of this. However there are other reasons for this as well. Due to which there is a huge decline in the companies of Gautam Adani.
However, today it is not the case that only Gautam Adani’s companies have seen a decline. Today both Sensex and Nifty have seen a huge decline. The Sensex closed with a fall of 586.66 points. On the other hand, Nifty also closed with a fall of 171 points. If we talk about the percentage, then the Sensex closed with a decline of 1.10% and Nifty 1.07%.
Adani Group shares fall sharply
The biggest decline was seen in Adani Transmission among the Adani Group companies. Adani Transmission saw a decline of 4.77%. If we talk in numbers, then Adani Transmission of Adani Group saw a decline of 48.50 points. For information, let us tell you that the shares of Adani Transmission have closed even below the psychological level of ₹ 1000. Shares of Adani Transmission reached an all time high of ₹ 1023.60 today. However, later it started a period of decline.
Apart from this, other companies of Adani Group also saw a decline.
The second biggest decline among all the Adani Group companies was seen in Adani Green Energy. Adani Green Energy of the Adani Group is believed to be the future of this group, although it has been witnessing a steep decline for some time now. Adani Green Energy closed at ₹979.15 today with a decline of 2.92%. Both Adani Green Energy and Adani Transmission were among the top 5 losers in the Sensex.
Adani Enterprises, the flagship company of the Adani group, also continued to decline today. Adani Enterprises saw a decline of 1.07%. And it closed at ₹1380.60 level. This group company saw a decline of 14.90 points. Apart from this, a decline of 2.02% was seen in Adani Ports and Economic Zone. The rest of the Adani Group companies continued their downward trend in the same manner. Adani Power saw a decline of 3.31%, Adani Total Gas 4.63%.
The special thing is that not a single company of the entire Adani Group saw an increase today. All the group companies continued the period of heavy downtrend.
Gautam Adani’s attempt to take over group companies
Adani Group promoter Gautam Adani tried to stop the beating of shares of his group companies. However, this effort seems to be failing once again today. Yesterday Gautam Adani had bought shares of his group companies. So that investors can be given a confidence. Due to which buying was seen in the group companies.
However, after this, once again today there was a downward trend in it. This raises the question whether inside trading can handle shares of group companies?
However, there is still no transparency by Adani Group regarding its shareholders. And no answer has been given by the company regarding this.
Questions are being raised about the credibility of the major stakeholder of Adani Group. These stakeholders have invested in Adani Group companies from the same address. The special thing about these stakeholders is that all their money has been invested in the Indian stock market. Everything has been invested in Adani Group companies only. Because of this questions are being raised about the credibility of the stakeholders of Adani Group. Due to this, the period of huge decline in the companies of Adani Group is also going on.
Apart from this, if you see, when the car on the companies of Adani Group has increased to more than Rs 140000 crores. Which in itself is too much. On the other hand, most of the Adani Group companies are still running in loss and they grow according to the government schemes. If the plans of the government change in future, then Adani Group’s problems may also increase.
Why the shares of Adani Group fall today
Big news has come in the market today regarding Adani Group. India’s Minister of State for Finance has said that SEBI is investigating the stakeholders of Adani Group. The Minister of State for Finance also said that the accounts of 3 big stake holders who had invested in Adani Group were frozen by SEBI in the month of June.
On the contrary, Adani Group had said that the accounts of none of the Adani Group stakeholders have been frozen. In such a situation, today there was an atmosphere of fear among the stakeholders regarding the companies of Adani Group. Due to this, the stock of Adani Group companies continued to fall heavily. Adani Group companies may see further decline in the coming time. This is what market experts are saying.
Retail investors get to see the biggest loss of this type of things in the stock market. In such a situation, it is advised that if you ever invest, then definitely take the advice of experts.
Generally, it was being said about Adani Group that it has given returns ranging from 1000 to 1600%. But you have to remember one thing that going from bottom to top does not take time. But if you want the shares of Adani Group to come down from the top, then even that 100% drop will be enough.
But if we talk about the return of 1600%, then now it has seen a decline of up to 500%. Which in itself is too much. In such a situation, retail investors should invest only by being cautious.