Explained: Why the Stock of the Adani Group fell sharply on the stock market
Adani Group Group shares fell sharply on the stock market after the National Securities Depository Limited (NSDL) took action against three foreign funds which was one of the main stakeholders in the company.
The six registered Adani Group companies have plunged on the stock exchange to achieve lower circuits after developing reported.
At 11:30 a.m., Flagship Stock Adani Enterprises fell 13.27 percent at 1,387.60 per share; Adani Green Energy fell 5 percent at Rs 1,156.85 per share; Total gas Adani fell 5 percent at Rs 1,544.90 per share; Adani's transmission fell 5 percent at Rs 1,522.50 per share.
It can be noted that the limited stock of the company has decreased by 25 percent to achieve the low intradays of Rs 1,201.10, down more than RS 400 from the close of last week RS 1,601.45.
Clo...