Adani Group stocks fell up to 13 per cent today (March 13). All 10 Adani counters traded in the red which resulted in erasing around ₹90,000 crore off their combined market capitalisation by 12pm.
Adani Group’s worst performer on March 13: Of these, Adani Green Energy was the top loser, as it tanked 13 percent to ₹1,650 a share on the NSE. This is the biggest single day drop that shares of Adani Green Energy witnessed in 2024 so far.
How are other Adani Group’s stocks performing: Adani Enterprises and Adani Ports & SEZ were trading with losses of 5.5 per cent and 5.3 per cent, respectively. Adani Energy Solutions, Adani Power, Adani Total Gas, NDTV and Adani Wilmar fell between 4 and 7 per cent.
Is the fall part of a larger trend? This is the seventh straight day of fall for Adani Enterprises which was trading almost 100 per cent higher from its 52-week low of ₹1,573.
Loss in market-cap: With today’s drop, Adani Group stocks have cumulatively lost ₹90,000 crore in market capitalisation- 5.7% of the group’s overall market cap of nearly ₹15.85 lakh crore as on Tuesday.
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