Adani Stocks Haven’t Recovered Since June 14; Down 5%-34%

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Adani Stocks Haven’t Recovered Since June 14; Down 5%-34%
Credit: © Reuters.

By Aditya Raghunath

Investing.com -- Stocks of the Adani Group haven’t recovered to their pre-June 14 levels two weeks after reports emerged that three foreign funds who had invested heavily in the Group had their accounts frozen by the National Securities Depository Ltd (NSDL).

Since June 14, quite a few of Adani group stocks had hit lower circuits for 2-3 days in a row. Though the group, and later NSDL, put out clarifications that the funds’ accounts haven’t been suspended or frozen, the stocks still continue to trade 5%-34% below pre-June 14 levels. This is how the stocks have performed so far:

  1. Adani Ports and Special Economic Zone Ltd (NS: APSE )

Share price on June 11: Rs 839.75

Share price on June 29: Rs 711.5

Percentage difference: Down 15%

  1. Adani Enterprises Ltd (NS: ADEL )

Share price on June 11: Rs 1,601.6

Share price on June 29: Rs 1,523.6

Percentage difference: Down 5%

  1. Adani Total Gas Ltd (NS: ADAG )

Share price on June 11: Rs 1,626.2

Share price on June 29: Rs 1,073.5

Percentage difference: Down 34%

  1. Adani Green Energy Ltd (NS: ADNA )

Share price on June 11: Rs 1,217.7

Share price on June 29: Rs 1,120

Percentage difference: Down 8%

  1. Adani Power Ltd (NS: ADAN )

Share price on June 11: Rs 148.3

Share price on June 29: Rs 116.5

Percentage difference: Down 21%

  1. Adani Transmission Ltd (NS: ADAI )

Share price on June 11: Rs 1,602.6

Share price on June 29: Rs 1,134

Percentage difference: Down 29%

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  • Hare Rama Hare Krishna @Hare Rama Hare Krishna
    Adani Total Gas and Adani Transmission has showing weakness very well, need to wait for further correction. It can be accumulated close to 750-850 range. Even Adani ports is weak, buying can be done below 600. Adani enterprises is fundamentally very expensive, it can be used for trades, not a long term stock
    Like 4
  • Hardik HP @Hardik HP
    When Gain start in adani Gas ? Everyday 5% Down
    Like 4
  • Tom Singh @Tom Singh
    adanient seems to be a better option if one wants to trade with lockdown ease
    Like 1
  • Pranab Gupta @Pranab Gupta
    Adani Total Gas Ltd (NS:ADAG) Can I accumulate this stock now to benefit from the current low.
    Like 1
  • Chetan Gupta @Chetan Gupta
    Yeah we all do these calculatation each day hoping it will be back on track soon but looks like money is going to be on hold for long
    Like 1
  • Chetan Gupta @Chetan Gupta
    Yeah we all do these calculatation each day hoping it will be back on track soon but looks like money is going to be on hold for long
    Like 1
  • Deepu Nair @Deepu Nair
    Holding adani ports ..should i sell ?
    Like 0
    • Naren Singh @Naren Singh
      @Deepu Nair no need to sell just hold it New quarter will come with change around earlier was selling pressure because of monthly and quarterly expiry
      Like 1
    • Khaja Furqan @Khaja Furqan
      i am holding Adani ports share 200 can i sell now please suggest.
      Like 0
    • Sidarth Mishra @Sidarth Mishra
      No need to swll just hold it because adani ports fundamental is very strong.
      Like 2
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  • Gowtham vu @Gowtham vu
    lots of buying happening now
    Like 0
  • Rakesh Prasad @Rakesh Prasad
    The most corrupt company on planet.
    Like 7
  • Ajay Uppal @Ajay Uppal
    It shows the market forces impact, the valuation of these shares is still over-stretched.
    Like 2

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