scorecardresearchAdani Group stocks fall up to 5%, wipe off nearly ₹64k crore investor

Adani Group stocks fall up to 5%, wipe off nearly 64k crore investor wealth

Updated: 21 Sep 2022, 05:51 PM IST
TL;DR.

  • Due to the fall, the overall market capitalisation of Adani Group stocks fell to 20.6 lakh crore from nearly 21.3 lakh crore in the previous session, eroding investor wealth by 64,000 crore in a single day.

Adani Wilmar was the only stock of the group which ended in the green with a gain of 1.62% at  <span class='webrupee'>₹</span>782.55.

Adani Wilmar was the only stock of the group which ended in the green with a gain of 1.62% at 782.55.

Adani Group stocks remained under pressure on September 21 witnessing a fall of up to 5% on BSE.

Due to the fall, the overall market capitalisation of Adani Group stocks fell to 20.6 lakh crore from nearly 21.3 lakh crore in the previous session, eroding investor wealth by 64,000 crore in a single day.

Among the group stocks, Adani Enterprises suffered a loss of 5.07% to close at 3,641.45 while Adani Ports and SEZ fell 3.80% to 932.55.

Adani Wilmar was the only stock of the group which ended in the green with a gain of 1.62% at 782.55.

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Adani Group share prices  

The Adani Group stocks have been on a roll this year so far, with stocks like Adani Power surging 292%. The stock of Adani Wilmar, which got listed in February this year, has gained 240% against its issue price of 230 per share.

Stocks like Adani Transmission, Adani Enterprises and Adani Total Gas have gained 124%, 113% and 108%, respectively, this year so far. Shares of Adani Green Energy (up 78%) and Adani Ports (up 28%) have also given strong double-digit returns this year year-to-date.

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First Published: 21 Sep 2022, 05:51 PM IST