{"id":87562,"date":"2023-02-02T16:10:00","date_gmt":"2023-02-02T10:40:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=87562"},"modified":"2023-02-02T15:46:47","modified_gmt":"2023-02-02T10:16:47","slug":"adani-stocks-continue-their-fall-and-drop-as-much-as-59-in-a-month-check-the-latest-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/adani-stocks-continue-their-fall-and-drop-as-much-as-59-in-a-month-check-the-latest-details\/","title":{"rendered":"Adani stocks continue their fall and drop as much as 59% in a month; Check the latest details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-408307050\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of Adani Group stocks extended their bloodbath on Thursday as well with various stocks hitting their lower circuit limits again. The shares of the group\u2019s flagship company Adani Enterprises fell as much as 30% to hit their 52-week low of Rs 1,494.75 per share.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3418203820\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong>Similarly Adani Power (down 5% to Rs 202.05), Adani Total Gas (down 10% to Rs 1,707.70), Adani Transmission (down 10% to 1,551.15), Adani Green Energy (down 10% to Rs 1,09.85), Adani Wilmar (down 5% to Rs 421), and NDTV (down 5% to Rs 223.95) also hit their lower circuit erasing wealth in crores for the Adani family and their investors likewise.<\/strong><\/p><p>The further plunge in stocks comes on the back of two key events since the Hindenburg Research, a New York-based short-selling firm accused the Adani Group of fraud and price manipulation.&nbsp;<\/p><p>Recently the news agency Bloomberg reported that after Credit Suisse Group, Citigroup Inc&#8217;s wealth arm has also declined to accept the securities of the Adani Group companies as collateral for margin loans. This means that the firms have affirmed zero value to the securities in light of recent events and the consequent volatility in the securities&#8217; prices.<\/p><div class=\"trade-content_5\" id=\"trade-905853586\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The group submitted a response to the allegations of the short-seller. However, it was rejected by Hindenberg Research stating the conglomerate is trying to hide in the name of nationalism.<\/p><p>The report from Hindenburg came before the huge Rs 20,000 crore FPO of Adani Enterprises from January 27 to January 31. The initial response to the fundraise was weak. But, with support from FIIs and corporates, the FPO got fully subscribed, passing the critical test.<\/p><p>However, Adani Enterprises decided to cancel the FPO and return money to the investors. Gautam Adani said &#8220;The market has been unprecedented, and our stock price has fluctuated over the course of the day&#8230; Given these extraordinary circumstances, the Company&#8217;s board felt that going ahead with the issue will not be morally correct.&#8221;<\/p><p><strong>Written by Vikalp Mishra<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-174804244\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Adani Group stocks extended their bloodbath on Thursday as well with various stocks hitting their lower circuit limits again. The shares of the group\u2019s flagship company Adani Enterprises fell as much as 30% to hit their 52-week low of Rs 1,494.75 per share. Similarly Adani Power (down 5% to Rs 202.05), Adani [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":87568,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[2226,422,220,421,529,533,5815,3225,5814,5668,948,936,3153,3157,2597],"class_list":["post-87562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-adani-group","tag-adani-group-latest-news","tag-adani-group-shares","tag-adani-news","tag-adani-ports-news","tag-adani-power-news","tag-adani-vs-hindenburg","tag-adani-wilmar","tag-adaniv","tag-hindenburg-on-adani","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Adani stocks continue their fall and drop as much as 59% in a month; Check the latest details - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of Adani Group stocks extended their bloodbath on Thursday as well with various stocks hitting their lower circuit limits again. 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