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Adani Group Rout Update: 2 Stocks Hit Tank Upto 10% Lower Circuits

Published 01-02-2023, 11:49 am
Updated 01-02-2023, 11:50 am
© Reuters.

By Malvika Gurung

Investing.com -- The ports-to-power conglomerate major Adani Group listed companies extended their rout on the Budget day session, Wednesday, with two stocks hitting up to 10% lower circuits in the intraday.

The incessant sell-offs across the Adani Group stocks have wiped out almost one-fourth of the companies’ Rs 5 lakh crore market valuation in the past few sessions.

Here’s how Adani Group stocks performed in the morning session on Wednesday.

  • Adani Enterprises (NS:ADEL): stock down 5.2% at Rs 2,820 apiece. Slashed 6% to hit the day’s low at Rs 2,800 apiece.
  • Adani Total Gas (NS:ADAG): stock hit a 10% lower circuit at Rs 1,897.4 apiece.
  • Adani Green Energy (NS:ADNA): stock down 5% while writing, tanks 6.3% to Rs 1,115.1/share in the session.
  • Adani Transmission (NS:ADAI): stock falls 5.13%, declining 5.4% to Rs 1,678/share in the intraday.
  • Adani Ports & SEZ (NS:APSE): stock slides 2.8%, falling 3% to Rs 594 apiece on Wednesday.
  • Adani Power (NS:ADAN): stock hits 5% lower circuit at Rs 212.65 apiece.
  • Adani Wilmar (NS:ADAW): stock dips 4.12% to Rs 447.2 apiece.
  • Ambuja Cements (NS:ABUJ): stock declines 3.75%, plunging 6% to Rs 377.15 apiece on Wednesday.
  • ACC (NS:ACC): stock falls 4.6% to Rs 1,877.75 apiece.
  • NDTV (NS:NDTV): stock tanks 4.83% to Rs 236.1/share.

Read Also: Gautam Adani Exits Top 10 Global Rich List: $34B Wiped Off in 3 Sessions

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