Adani Group shares are on SALE, stocks are available at up to 70% discount, know what is the future of these shares?

Adani Group Shares available on Heavy Discount: There has been an outcry in Gautam Adani Group Shares for the past few days. The negative report on the group shares by forensic financial research firm Hindenburg has further dampened the sentiment. Adani's shares are continuously seeing lower circuit. Due to this, Gautam Adani, assuming his moral responsibility and keeping in view the interests of his investors, withdrew the FPO of his fully subscribed Adani Enterprises. After continuous selling, many shares of the group are now trading 60 to 70 per cent cheaper than their 1-year high. Selling has been going on in Adani Group Stocks for the past several days. Know what is the condition of which stock now and what will be the future strategy.

Adani Enterprises :

Today Adani Enterprise has declined by 35 percent after the end day closed in green. It came down to Rs.1017 in intraday. The stock has lost 70 per cent in the last 7 days. The 1 year high for the stock is Rs 4190. That is, from the high of 1 year, the stock is trading 72 percent weaker.

Adani Port :

Today Adani Enterprise has declined by 30 percent. It came down to Rs.395 in intraday. The stock has lost 35 per cent in the last 7 days. The 1 year high for the stock is Rs 987. That is, from the high of 1 year, the stock is trading 60 percent weaker.

Adani Total Gas :

Today Adani Total Gas has fallen by 5 percent. It came down to Rs.1622 in intraday. The stock has lost 45 per cent in the last 7-5 days. The 1 year high for the stock is Rs 4000. That is, from the high of 1 year, the stock is trading 56 percent weaker.

Adani Wilmar :

Adani Wilmar is also seeing a decline of 5 percent today. Today i.e. on February 03, the stock has weakened up to Rs.399. It has lost 22 percent in 7 days. The 1 year high for the stock is Rs 878. That is, it is trading at a discount of about 35 per cent from its one-year high.

Adani Green Energy :

Today, Adani Green Energy's stock fell by 10 percent in intraday and closed on the lower circuit. It has weakened by 37 percent in 7 days. It weakened till Rs 935 today. While the 1 year high for the stock is Rs 3050. That is, the stock has weakened 56 percent from its 1-year high.

Adani Power :  

Adani Power has fallen by 5 percent today. It has weakened by 23 percent in the last 7 days. The stock weakened to Rs 191 today, while the one-year high is Rs 433. In this sense, it has weakened 45 percent from the high of 1 year.  

Adani Transmission : 

The share of Adani Transmission has fallen by 10 percent today. It weakened to Rs 1396 in intraday. While the 1 year high for the stock is Rs 4237. The stock has weakened by 30 percent in 7 days. The stock is trading at about 56 per cent discount from its one-year high.

NDTV :

 Recently investment company NDTV has 5 percent weakness today. It has weakened up to Rs.212. And the 1 year high is Rs 573. In this context, it is trading at 38% discount from 1-year high.

Hindenburg Research – Adani Group Row

The Hindenburg financial research company recently released a research report on the Adani Group. According to the report, the group was involved in stock manipulation. Gautham Adani, his brother, and other family members used tax havens and established shell companies. While the shell companies were not operating in reality, the company fraudulently posed itself as blooming in business. This increased the stock prices of the group by 815% in a few months. After the research report released by the Hinderburg financial research enterprises, the investors of Adani have lost more than Eight lakh crore rupees.

 In video statement Gautam Adani said that it would not be 'morally correct' in the current market situation. Gautam Adani, chairman, AEL, reveal that "Today, the market has been unprecedented, and our stock price has fluctuated over the course of the day. Given these extraordinary circumstances, the board felt that going ahead with the issue would not be morally correct. The interest of the investors is paramount andhence to insulate them from any potential financial losses, the board has decided not to go ahead with the FPO."