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Investors who got rich by betting on the business acumen of veteran industrialist Gautam Adani got a big shock in the year 2023. After the Hindenburg Research report, the combined market cap of the Adani Group companies is around Rs. 6 lakh crore has decreased. At the end of 2022, the total market cap of all 10 listed companies of Adani Group will be Rs. 19.6 lakh crore, which has now reduced to Rs. 13.6 lakh crore has been reached. This has been said in a report of Economic Times.
Adani Total Gas shares are still down 74%.
Many shares of Adani Group now Hindenburg have recovered from the shock of the report. But, shares of Adani Total Gas are still down 74% from last year. Adani Total Gas shares hit a 52-week high of Rs. is 3998.35. While on 22 December 2023 the shares of the company were Rs. 1000.30 were closed. Adani Total Gas shares hit a 52-week low of Rs. 521.95 is.
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Adani Energy Solutions shares are still down 61%
Shares of Adani Energy Solutions are still down 61% from last year. Shares of Adani Energy Solutions hit a 52-week high of Rs. is 2798.60. At the same time, the shares of the company closed at Rs 1028.50 on 22 December 2023. Adani Wilmar’s market value has fallen nearly 44 percent this year. Adani Group The value of its flagship company Adani Enterprises has fallen by around 28 percent. Whereas, the market value of Adani Green Energy and NDTV has seen a decline of 24-25%.
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Shares of Adani Ports and Adani Power gained strength
The least impact has been seen on Adani Group’s two cement companies ACC and Ambuja Cement. ACC’s market value has fallen by around 15% and Ambuja’s by 6%. At the same time, shares of Adani Ports and Adani Power have gained handsomely. Adani Ports shares have gained nearly 24% this year, while Adani Power shares have returned 70%.