Adani Stocks Update: 6/10 Hit 5% LC, 3 at 52-Wk Low Ahead of Adani Ent Q3

By Malvika Gurung

Investing.com -- The ports-to-power conglomerate major Adani Group listed companies witnessed losses on Tuesday despite the conglomerate assuring to deliver high-quality, superior returns to shareholders.

The flagship company of Adani Group, Adani Enterprises (NS: ADEL ) will release its earnings result for the December-ending quarter on Tuesday.

The combined market capitalization of all the Adani Group-listed stocks has eroded by nearly a whopping 55% since Jan 24, 2023, following a negative report by the US short-seller Hindenburg Research, alleging India’s second-largest conglomerate to be engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades.

Here’s how Adani Group stocks performed in the afternoon trade on Tuesday.

• Adani Enterprises: down 4% while writing, tanking 6.2% to hit the day’s low at Rs 1,611.35 apiece.
• Adani Total Gas (NS: ADAG ): hit a new 52-week low and a 5% lower circuit at Rs 1,133.05 apiece.
• Adani Green Energy (NS: ADNA ): hit a new 52-week low and a 5% lower circuit at Rs 653.65 apiece.
• Adani Transmission (NS: ADAI ): hit a new 52-week low and a 5% lower circuit at Rs 1,071 apiece.
• Adani Ports and Special Economic Zone (NS: APSE ): up 0.7% while writing, slipping 2.8% to hit the day’s low at Rs 538.3 apiece.
• Adani Power (NS: ADAN ): hit a 5% lower circuit at Rs 148.2 apiece.
• Adani Wilmar (NS: ADAW ): hit a 5% lower circuit at Rs 393.4 apiece.
• NDTV (NS: NDTV ): hits 5% lower circuit at Rs 188.2 apiece.
• ACC (NS: ACC ): down 0.3% while writing, declined 2.9% to hit the session’s low at Rs 1,770.55 apiece.
• Ambuja Cements (NS: ABUJ ): slides 3.15%, tanks 5% to Rs 325.1 apiece.