Adani Group Share: Today was the day of disappointment for Gautam Adani, India’s second richest man. Shares of Adani Group, which has grown 200 to 1000 percent in the last one year, fell sharply today. The main reason for Adani Group’s shares to fall is believed to be the action of National Security Deposit Limited (NSDL). Adani Group’s shareholding has also affected Gautam Adani’s net worth. According to Forbes, he had to suffer a loss of about Rs 55,000 crore as of Monday morning.
According to an Economic Times report, the National Security Depository Limited (NSDL) has frozen three foreign funds. According to the report, they all invested Rs 43,500 crore in four of Adani Group’s four companies. According to reports, Sebani is also reviewing the valuation of shares of Adani Group. However, there is no official confirmation on this whole matter yet.
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The downturn in shares has affected Adani Group’s market cap. According to Money Control, Adani Group’s market cap is around Rs 1.03 lakh crore. Or 10 per cent. It’s like a big setback for any company. Let us tell you that Adani Enterprises has increased 741%, Adani Ports 100%, Adani Green 245%, Adani Transmission 650%, Adani Power 271% and Adani Total Gas Shares by 1066%.
According to stock market experts, following the action of National Security Depository Limited (NSDL), investing money in Adani Group is a high risk investment. Expect to see a further decline in the coming time.
Adani Group shares fell sharply this morning
Following this move by National Security Depositors, Adani Enterprises’ shares fell 25%, Adani Ports 17%, Adani Green 5%, Adani Transmission 5%, Adani Power 5%, and Adani Total Gas fell 5% Monday morning.
