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Stock Market News: Friday was a good day for investors in the Indian stock market. The Nifty-50 touched a new high of 20,291 points. At market close it was up 0.67 percent at 20,267. This growth would not have been possible without the help of domestic and foreign markets. The September quarter GDP figures have also been excellent. But amid all the good news, there are 12 companies in the stock market that have been looking for better days over the past several months. Shares of these big companies have seen a decline of 30 percent to 81 percent. Many Adani Group companies are also included in this list. Let’s know about them one by one –
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Shares of these companies of Adani Group fell drastically
The Hindenburg revelations in January worsened the position of Adani group companies in the stock market. This year has been a nightmare for the company’s investors. The share price of Adani Total Gas, a company of Adani Group, fell from Rs.3700 to Rs.701.45. That means this stock has decreased by 81 percent.
Apart from this, shares of Adani Green Energy, Adani Energy Solutions, Adani Wilmar and Adani Enterprises have seen declines of 46 per cent, 66 per cent, 44 per cent and 38 per cent respectively.
Investors of these companies are also disappointed
Share price of Rajesh Exports fell to Rs.355 from Rs.732.95. That is, about 51.5 percent of this share has been lost. So far this share is Rs. 65 percent fall from the all-time high of 1029.70. Brightcom Group shares fell 43 percent, while Campus Activewear fell 33 percent.
Apart from this, shares of Polyplex Corp, Delta Corp, Hickel and V-Mart Retail have fallen from 30 percent to 38 percent this year.