Adani Enterprise share price

Stock prices of Adani group companies continue to crash with its flagship Adani Enterprises Ltd tumbling over 30% to Rs2,065.05 on the BSE,

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Adani Enterprises stock opened higher at ₹3030, but could not sustain the morning and continued to lose through the day.

In the last five trading sessions, the total market cap erosion in Adani stocks has now extended to one-third of its value. Today's loss alone was worth ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. For Adani Ports, maximum OI build-up was at 450 Put and 700 & followed by 600 Call options. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) Rohan Patil, Technical Analyst, SAMCO Securities, said for Adani Enterprises, the maximum open interest (OI) build-up was seen at 2,200 Put and 3,000 Call Options. Both the stocks are also trading below their major trend line resistance levels.

Adani Group stocks continue to bleed for the fifth trading session in a row or otherwise in a strong market. Shares of Adani Enterprises dropped 5.63% to ...

The following trading session on Friday saw the stocks losing about Rs.3 lakh crore in market value, and the sell-off in stocks extended to Monday's trade and shaved off another Rs. [Adani Enterprises](https://mintgenie.livemint.com/stocks/adani-enterprises-S0003094) dropped over 25% to 2,227 apiece in today's trade after rallying 2.80% in the previous trading session. On January 25, the total market cap of the seven listed Adani stocks lost Rs. On Tuesday, the stock closed at ₹2,973, much below the FPO price band of ₹3,112 and ₹3,276. In just the last five trading days, these two stocks have lost nearly 22% and 51.24% of their value, respectively. All seven stocks in the group are in red during Wednesday's trading session, with two stocks,

Shares of Adani Wilmar and Adani Power have been in the lower circuit for the fifth straight session. The shares have fallen in nine out of last ten ...

Adani Ports was the darling of the market. At the last count, the shares hit the lower circuit of 30 percent. The shares have fallen in nine out of last ten sessions.

New Delhi: Shares of Adani Group firms slumped on Wednesday and have lost more than Rs 7 lakh crore of their combined market capitalisation in the last.

With several questions being raised about the group, it looks prudent to stay away from these companies till the dust settles,” he added. There was, however, a muted response from retail investors and company employees. The Adani group stocks (including Ambuja, ACC and NDTV) have lost more than Rs 7 lakh crore or about 38 percent of their combined market cap in the last five trading sessions, Manish Chowdhury, head of research at Stoxbox, said. The decline is about 38 percent compared to the market valuation at the end of trading on January 24, the day when the report was released. Shares of Adani Enterprises nosedived 28.45 percent to close at Rs 2,128.70 on the BSE despite the company’s Rs 20,000-crore share sale sailed through on the last day on Tuesday after non-retail investors bid in big volumes. At the end of Wednesday’s trading session, all the group companies settled in negative territory with shares of three companies hit their lowest price band.

Citing the unprecedented crash in stock prices, Adani Enterprises Chairman Gautam Adani said the board felt that going ahead with the issue will not be morally correct, given these extraordinary circumstances. adani (1) ETMarkets.com. NEW DELHI: After the ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). Shares of Adani Enterprises itself are down nearly 50% from its 52-week high after a gravity-defying rally in the last few years. [Adani Enterprises FPO](/topic/adani-enterprises-fpo), which closed yesterday, was oversubscribed 112% as funds started pouring in at the list minute. We will continue to focus on long term value creation and growth will be managed by internal accruals. "Our balance sheet is very healthy with strong cashflows and secure assets, and we have an impeccable track record of servicing our debt. In the last five trading sessions, the market capitalisation of all 10 listed Adani companies are down by Rs 7.5 lakh crore or one-third.

On Wednesday, shares of Adani Group companies lost over Rs 80000 crore in market capitalisation after Hindenburg Research accused Gautam Adani's companies ...

Gautam Adani said, “Today the market has been unprecedented, and our stock price has fluctuated over the course of the day. However, today the market has been unprecedented, and our stock price has fluctuated over the course of the day. Once the market stabilizes, we will review our capital market strategy. Despite the volatility in the stock over the last week, your faith and belief in the Company, its business and its management has been extremely reassuring and humbling. Given these extraordinary circumstances, the Company’s board felt that going ahead with the issue will not be morally correct. We will continue to focus on long term value creation and growth will be managed by internal accruals.

A report by Hindenburg Research last week alleged improper use by the of offshore tax havens and stock manipulation by the Adani Group. It also raised concerns ...

"I do not know how the markets will behave in short term. It also raised concerns about high debt and the valuations of seven listed Adani companies. The group has always made the necessary regulatory disclosures, it added. This decision will not have any impact on our existing operations and future plans," the billionaire added in a statement to Indian exchanges. Given these extraordinary circumstances, the Company’s board felt that going ahead with the issue will not be morally correct," Adani said. NEW DELHI, Feb 1 (Reuters) - Gautam Adani's flagship firm called off its $2.5 billion share sale in a dramatic reversal on Wednesday as a rout sparked by a U.S.

The decision was taken after the group stocks got routed on the stock exchanges on Wednesday.

Given these extraordinary circumstances, the company’s board felt that going ahead with the issue will not be morally correct. Gautam Adani, Chairman, Adani Enterprises Ltd said, “Today the market has been unprecedented, and our stock price has fluctuated over the course of the day. The interest of the investors is paramount and hence to insulate them from any potential financial losses, the Board has decided not to go ahead with the FPO.“

The embattled Adani Group announced Wednesday that it was canceling its latest $2.5 billion stock offering and refunding investors.

[salvaged](https://www.forbes.com/sites/johnhyatt/2023/01/31/gautam-adanis-middle-eastern-allies-help-him-shrug-off-fraud-allegations-wealth-plunge/?sh=4002a1d06287&utm_campaign=socialflowForbesMainTwitter&utm_medium=social&utm_source=ForbesMainTwitter) the offering with a last-minute injection of $400 million, [reportedly](https://economictimes.indiatimes.com/news/company/corporate-trends/behind-the-scenes-how-gautam-adani-lost-75-bn-in-market-value-but-pulled-off-2-4-bn-share-sale-despite-short-attack/articleshow/97503260.cms?from=mdr) with a nudge over the phone by Gautam Adani himself. The Adani Group has not responded to Forbes’ request for comment. [November](https://www.reuters.com/markets/asia/indias-adani-enterprises-raise-245-bln-via-new-share-sale-2022-11-25/), was thrown into chaos on January 24 when Hindenburg Research published its 100-page [report](https://hindenburgresearch.com/adani/), which alleges a years-long conspiracy by the Adani Group to commit accounting fraud and enrich its principals through stock market manipulation. The Adani Group has denied Hindenburg’s report and threatened legal action against the U.S. “The Board takes this opportunity to thank all the investors for your support and commitment to our FPO.” On Wednesday, a day after Adani Enterprises announced it secured full investor subscription to its $2.5 billion follow-on public offering, the embattled group reversed course, issuing a statement that it was calling off its stock offering and returning all proceeds to investors.

Adani Enterprises has called off its $2.4bn equity fundraising in the latest blow to Indian billionaire Gautam Adani, who has seen shares in his industrial ...

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