Adani Group made a big statement about two stocks
New Delhi. After the release of Hindenburg’s report on Saturday, there was a lot of volatility in the stock market on Monday, but it was limited to the initial business. Within an hour of opening on the red mark, Sensex-Nifty gained momentum. Meanwhile, if we talk about Adani’s shares, this time the Hindenburg report did not have much effect on them. The shares of two companies of the group recovered from the initial decline and took a U-turn and entered the green zone.
10 companies of Gautam Adani-led Adani Group are listed in the stock market and all ten shares were trading in the red zone in early trade on Monday. But while Sensex-Nifty took a U-turn, the trend of Adani Shares also changed. Adani Green Energy Share fell by more than 4 percent in early trade, but around 2 pm it suddenly came into the green zone by jumping and after falling to Rs 1667.50, it reached the level of Rs 1815.
Along with Adani Green, Gautam Adani’s cement company Ambuja Cement’s share also came out of the red zone and was seen trading in the green zone, in step with Sensex-Nifty. At the time of writing the news, Ambuja Cement’s share was trading at the level of Rs 641, gaining 1.20 percent. On the other hand, if we talk about its performance in early trade, it had fallen to the level of Rs 617.75. Meanwhile, talking about the shares of other companies of Adani Group, Adani Ent Share (-1.40%), Adani Power Share (-0.49%), Adani Total Gas (-3.75%), Adani Wilmar (-2.56%), Adani Energy Solutions (-3.33%), Adani Port Share (-1.32%), ACC Ltd Share (-0.97%) and NDTV Share (-2.60%) were trading lower.
With the start of trading in the stock market, the BSE Sensex started with a decline of more than 300 points at the level of 79,330.12. It was expected that the impact of the report of American short seller firm Hindenburg released last Saturday would be seen on Sensex and Nifty, so it was also visible in the early trading. But the effect of Hindenburg did not last long and by 11 am the market came into recovery mood. At 2 pm, it was trading at 79,968.46 with a gain of 262.55 points. At the same time, Nifty was trading with a jump of about 50 points.
