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Adani Group Stocks: All 10 Adani Group stocks fell between 2 and 7 percent today. Shares of group parent Adani Enterprises were trading down 3% around 11 am. It is down for the ninth consecutive day. Earlier in March 2020, the stock fell for nine consecutive days. Shares of Adani Ports are also down more than 1.5% and have fallen in eight of the last nine trading sessions.
Adani Enterprises fell 2.35 percent to Rs. Was at 2203. Today it reached Rs.2170. Adani Power fell to Rs 289.35 today. Around 11 am it was down 5.21 percent to Rs. was trading at 296.40. Adani Wilmar also added Rs. 320.35 and opened at Rs. 303.10 was broken. Now it has decreased by 2.81 percent to Rs 311. Shares of Adani Green Energy also fell more than 4 percent to a six-month low and was the worst performing stock among its peers. Trading volume on the stock at this time of the day is 53% above its 20-day average.
Adani Port declined 1.54 percent to Rs. was trading at 757.25. Today it had come down to Rs 754.50. Adani Total Gas fell 4.36 percent to Rs. 520.40, while today it is trading at Rs. has hit a low of 522. The stock is now trading at two-year lows and is down nearly 85% over the past 12 months. NDTV Adani Energy Solutions, ACC and Ambuja Cement also fell 4 percent.
Why are shares falling?
Batliboi is the current auditor of Adani Power Limited, Adani Green Energy Limited, ACC, Ambuja Cements Limited and Adani Wilmar Limited. He has also signed the books of Adani Ports and Special Economic Zone Limited for a decade till 2017. According to a Bloomberg report, the NFRA has initiated an investigation into SR Batliboi, one of EY’s member firms in India. Since then, Adani’s shares have been under pressure. ,Read full news,