Adani Heatmap: 6 Stocks at Lower Circuits; What Drove the Slump?

By Malvika Gurung

Investing.com -- All the ten Adani Group-listed stocks tumbled on Tuesday, with more than half of them hitting 5% lower circuits.

The flagship company of Adani Group, Adani Enterprises’ stock cracked 8% in Tuesday’s intraday, trading as the worst performer on benchmark index Nifty and pulling the pack lower.

The ports-to-power conglomerate’s stocks resumed sell-off after a report released by the Ken on March 28, 2023, which raised questions doubting Adani Group to have actually repaid its debt worth $2.15 billion.

“Despite the Adani Group's claim of ‘complete’ repayment of $2.15 billion in share-backed debt, regulatory filings show that banks have not released a significant portion of the promoters' shares held as collateral, indicating that the debt has not been fully paid off,” the report cited.

• Adani Enterprises (NS: ADEL ): falls 7.8% to hit the day’s low at Rs 1,588.45/share.
• Adani Total Gas (NS: ADAG ): hits a 5% lower circuit at Rs 909.95 apiece.
• Adani Green Energy (NS: ADNA ): hits a 5% lower circuit at Rs 935.65 apiece.
• Adani Transmission (NS: ADAI ): hits a 5% lower circuit at Rs 1,015/share.
• Adani Ports & SEZ (NS: APSE ): slumps 9.14% to the day’s low at Rs 571.55/share.
• Adani Power (NS: ADAN ): hits a 5% lower circuit at Rs 173.85 apiece.
• Adani Wilmar (NS: ADAW ): hits a 5% lower circuit at Rs 368.15 apiece.
• NDTV (NS: NDTV ): hits 5% lower circuit at Rs 173.8 apiece.
• ACC (NS: ACC ): down 1.33% to Rs 377.45/share.
• Ambuja Cements (NS: ABUJ ): declines 4.4% to Rs 354.3 apiece.

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