Hindenburg Report Impact: Monday can once again prove to be a black day for the Adani Group. After the new report of Hindenburg Research over the weekend, Adani Group shares registered a huge decline as soon as the market opened on Monday. In the initial session, Adani Group shares are trading at a loss of up to 17 percent.
This share of Adani fell the most
As soon as the market opened at 9:15 am, all the shares of Adani Group fell. Adani Energy Solutions started with a loss of about 17 percent on BSE. Although it showed a great recovery as the business increased, but even after that the stock is in the red mark. At 9:30 am, this stock was trading at Rs 1,075.45 with a loss of 2.59 percent on BSE.
All Adani shares turned red
At 9:30 am, Adani Total Gas was in the biggest loss of 5.5 percent. Adani Power and Adani Wilmar shares were down by more than 3 percent each. Flagship stock Adani Enterprises was in the loss of more than 2 percent. Similarly, Adani Green Energy was down by about 2.5 percent.
Initial condition of Adani Group shares
| share | Price (in Rs.) | Loss (in percent) |
| Acc | 2319.05 | 1.35 |
| Adani Energy Solutions | 1075.45 | 2.59 |
| Adani Enterprises | 3115.50 | 2.24 |
| Adani Green Energy | 1736.85 | 2.43 |
| Adani Ports and SEZ | 1509.50 | 1.55 |
| Adani Power | 673.20 | 3.15 |
| Adani Total Gas | 830.30 | 4.50 |
| Adani Wilmar | 373.05 | 3.10 |
| Ambuja Cement | 629.85 | 0.37 |
| NDTV | 202.01 | 3.03 |
(9:30 am on BSE)
The stock market also suffered losses
The Indian stock market has also started with a decline today. The BSE Sensex opened at 79,330.12 points, down 375.79 points or 0.47 percent, while the NSE Nifty opened at 24,320 points, down 47.45 points or 0.19 percent.
The market reaction is according to the estimates
The reaction of the market and Adani Group’s shares is more or less in line with analysts’ estimates. Analysts were saying that on Monday the market will not react to Hindenburg’s latest report like the last time, when the market was shattered after the report came out and almost all Adani shares were put on lower circuit. In today’s trading, Adani’s shares are continuously showing strength after the initial setback and are showing signs of recovery.
There was a huge loss one and a half years ago
Earlier, when Hindenburg first targeted the Adani Group in January 2023, Adani’s shares suffered heavy losses. For about a month after the report came out, Adani Group’s shares kept falling and were constantly falling prey to lower circuits. At that time, Adani Group’s shares had fallen by more than 80 percent and the market cap had to suffer a loss of more than $ 150 billion.
