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Adani Group stocks slips into red zone on Thursday's early trade

Most Adani Group stocks were trading in red zone on Thursday's early trade following MSCI Inc statement and weak Q3FY23 earnings of Adani Power Ltd.


MSCI Inc has been evaluating the number of Adani Group-related shares that are freely traded on stock market.

It will make any necessary announcements and revisions to how the so-called free float and market capitalization of the Adani group equities are calculated.

Adani Power Ltd reported 96% decline in consolidated net profit at 8.77 crore for December quarter 2022-23.


Adani Enterprises Ltd, Adani Total Gas Ltd, Adani Green Energy Ltd, Adani Transmission Ltd, and Adani Power Ltd fell 5% each on Thursday's early trade.


MSCI Inc statement and weak Q3FY23 earnings of Adani Power Ltd have resulted in a red sentiment for most of Adani Group stocks.


MSCI Inc will be making necessary revisions to the free float and market capitalization of the Adani Group equities.

Click here to know more about stocks of the Adani Group.

Following criticism from investors on the inclusion of the controversial Indian conglomerate's equities in its indexes, MSCI Inc has been reevaluating the number of Adani Group-related shares that are freely traded on stock market.

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Adani Group stocks slips into red zone on Thursday's early trade

Following criticism from investors on the inclusion of the controversial Indian conglomerate's equities in its indexes, MSCI Inc has been reevaluating the number of Adani Group-related shares that are freely traded on stock market.

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