There is a huge decline in the shares of ADANI GROUP. ADANI PORTS 15% broken. Other shares of the group have also slipped by 5 to 10 per cent. Selling has been seen after the account freeze of 3 FPIs investing in the group. NSDL has banned trading in securities on all three funds.
The accounts of Albula Investment, Cresta Fund, APMS Invest have been frozen. All three funds have shares of Adani Group worth Rs 43500 crore. NSDL has banned trading in securities on all three funds. According to media reports, SEBI is also probing whether price manipulation has been done in the shares of Adani Group.
NSDL blocks accounts of 3 FPIs holding shares of Adani Group worth Rs 43,500 crore
Let us inform that in the last one year, the shares of Adani Group have seen an increase of 200-1000 percent. Adani Total Gas The stock has seen a rise of 334 per cent till June 11 this year. Whereas, in the same period Adani Transmission, Adani Enterprise AndAdani Power There has been an increase of 200 to 265 percent in
After this news, the shares of Adani Group have seen a strong fall in today’s trading. If all the shares of Adani Group are taken together, then their market cap has seen a decline of about 10 percent i.e. Rs 1.03 lakh crore. However, for the last one year, the shares of Adani Group were seen in a boom.
Now what to do in the shares of Adani Group
The question is what to do in the shares of Adani Group now. Sanjeev Agarwal of Alpha Quantum Capital Management It is said that it would be advisable not to take any trade in the shares of Adani Group at this time. The majority of the shares of this group are currently under the control of the operators. With this news coming out, the risk associated with them has increased further. A big move can come from any side of this group at any time. Those who have long positions in these shares should remain in these stocks with restraint and exit in case of any bounce.
Shares of Adani Group fell by 5-20%, know why there is a ruckus in the shares?
Yes Gupta of Angel Broking It says that according to media reports, Adani Group shares a large amount with some mutual funds and a complaint has also been lodged with SEBI. From today 4 stocks of Adani Group have been shifted to T2T (trade 2 trade). This means that intraday trading will not be possible in these shares. Investors will have to take and give holdings for trading in these shares.
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